U.S. stock futures rose on Tuesday as investors prepared for Nvidia’s upcoming earnings report and key inflation data while monitoring new economic sanctions imposed against the Iranian government.
Key Points
- U.S. stock futures trended higher, with Nasdaq 100 futures gaining 0.6% ahead of Nvidia’s quarterly earnings report.
- Bitcoin extended its rally, climbing above $80,000 amid strong inflows into spot exchange-traded funds and concerns over U.S. government debt.
- Treasury Secretary Scott Bessent announced new economic sanctions aimed at isolating Iran’s financial system, causing Brent crude futures to dip 0.6% to $91.58.
- Intuit is scheduled to report earnings after the market close, following previous announcements of a 17% workforce reduction and a lowered revenue outlook.
- Trade tensions persist as the U.S. and Canada remain at an impasse over proposed 50% tariffs on various Canadian goods.