Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
U.S. stock futures advanced on Tuesday as investors prepared for a busy stretch of corporate and economic news, with Nvidia (NASDAQ:NVDA) earnings and upcoming inflation figures among the main events in focus. Meanwhile, Washington unveiled a broader economic campaign against Iran and Bitcoin (COIN:BTCUSD) extended its rally beyond $80,000.
Oil prices moved lower as traders assessed the likely impact of the new Iran measures on global supplies, while Intuit (NASDAQ:INTU) is scheduled to release its latest results after the closing bell.
Nvidia Earnings Loom as U.S. Futures Advance
Wall Street was positioned for a firmer start, with Dow futures gaining 89 points, or 0.2%, by 03:08 ET (07:08 GMT). S&P 500 futures rose 20 points, or 0.3%, while Nasdaq 100 futures climbed 165 points, or 0.6%.
The move followed losses for the major U.S. averages in the previous session. Weakness among companies exposed to the artificial intelligence theme, including semiconductor manufacturers and chip equipment businesses, outweighed gains in financials and consumer staples.
Nvidia’s upcoming quarterly results are now set to take centre stage, given the chipmaker’s importance as a gauge of investment and demand across the AI industry. Investors are also awaiting inflation figures later this week for further indications of the direction of U.S. monetary policy.
Trade relations between Washington and Ottawa have provided another on a wide range of Canadian products failed to produce an agreement, prompting Canada to threaten matching retaliatory measures
Vital Knowledge analysts noted that the tariffs are still several weeks away from taking effect, leaving room for further negotiations. Planned U.S. duties on Canadian automotive, truck and steel exports have meanwhile been delayed until January 2027.
Washington Steps Up Economic Campaign Against Iran
Iran remained a major geopolitical focus after U.S. Treasury Secretary Scott Bessent announced a fresh sanctions initiative on Monday designed to increase Tehran’s financial isolation.
Bessent described the strategy as an “economic onslaught against Iran’s financial connections” globally, saying it would target Tehran’s “enablers” and make it harder for the country to maintain access to international financial channels.
President Donald Trump is also asking other governments to make “specific requests to cease their interactions” with Iran as Washington intensifies its economic campaign following the start of the conflict in late February.
Source: uk.finance.yahoo.com