U.S. equity futures showed mixed results, trending slightly lower before Tuesday's market opening as investors closely monitor the upcoming corporate earnings reports. Both the Standard & Poor's 500 and the Dow Jones Industrial Average registered a minor decrease of 0.1% during premarket trading, while the Nasdaq index remained slightly positive.
In Asia, most exchanges were on an upward trajectory, and midday indicators in Europe suggested a favorable market sentiment. Several prominent companies are set to disclose their financial results ahead of the bell, including Novartis, McDonald's, Pfizer, PayPal, D.R. Horton, Royal Caribbean Cruises, Check Point Software Technologies, and SoFi Technologies. Post-market earnings will be released by Alphabet, Visa, Advanced Micro Devices, Stryker, and Chipotle Mexican Grill, generating keen interest among investors. In a notable pre-bell development, shares of Ford Motor experienced a decline of 6.1% following guidance indicating that the automaker expects its full-year core earnings to align with the lower end of its prior outlook range.
Conversely, Cadence Design Systems saw a rise of 6.8% after reporting third-quarter results that exceeded expectations. Meanwhile, shares of Trump Media & Technology Group surged by 11%. Looking at the economic landscape, important data is expected to be released this morning, including international trade in goods, along with retail and wholesale inventories reports for September, which will be published at 8:30 am ET.
Additionally, both the Case-Shiller Home Price Index and the Federal Housing Finance Agency House Price Index for August are scheduled for a 9 am release. At 10 am, the Conference Board's consumer confidence report for October will be made available, accompanied by the Job Openings and Labor Turnover Survey for September. In market conditions before the opening bell, bitcoin had risen by 2.2% to hit $71,174, while West Texas Intermediate crude oil increased by 1.1% to $68.12 per barrel.
The yields on 10-year Treasuries edged up by 1.8 basis points, approaching 4.3%, and gold rose by 0.2% to settle at $2,761 an ounce..