U.S. stock futures are trending higher on Tuesday as strong quarterly earnings reports from major corporations help investors recover from recent market declines and persistent geopolitical uncertainty.

Key Points

• 3M shares rose over 7% in pre-market trading following better-than-expected second-quarter revenue and an increased full-year outlook.
• General Motors stock gained after the automaker surpassed analyst forecasts and raised its 2026 financial guidance.
• Novartis reported second-quarter results that exceeded market expectations, contributing to positive sentiment in the pharmaceutical sector.
• Nasdaq 100 futures climbed 1.2% as investors prepare for upcoming earnings reports from Alphabet, IBM, and Tesla.
• U.S. crude oil futures increased by 2% amid ongoing military tensions between the United States and Iran.
• The Conference Board’s Leading Economic Index fell 0.2% in June, reflecting a slightly weaker economic outlook than economists previously anticipated.

Why it Matters

Strong corporate earnings are currently providing a necessary buffer against rising energy costs and geopolitical risks that threaten to keep inflation elevated. Investors are now closely monitoring upcoming reports from major technology firms to gauge the sustainability of artificial intelligence spending and broader market demand.