US stock market today: S&P 500, Nasdaq, Dow Jones to reach record highs on Tuesday?

US stock market indexes S&P 500, Nasdaq and Dow Jones will look to continue the positive run on Tuesday. Dow E-minis were up 46 points, or 0.1 per cent, S&P 500 E-minis were up 7.75 points, or 0.12 per cent and Nasdaq 100 E-minis were up 34.25 points, or 0.15 per cent. Wall Street futures edged higher on Tuesday, building on momentum from the previous session as expectations for the Federal Reserve's interest rate cuts grew, while investors assessed a new round of major corporate earnings. Wall Street on Monday recorded its best session since May 27 and recouped losses from Friday's selloff as weaker-than-expected July jobs data and significant downward revisions to previous months' data intensified bets for a September interest rate cut.

The final July reading of S&P Global's Purchasing Managers' Index is scheduled for release at 9:45 a.m. ET, followed by the Institute for Supply Management's non-manufacturing PMI at 10:00 a.m. ET.

Investors also weighed the impact of U.S. tariffs on global economies and corporate earnings. Trump on Monday threatened to raise import tariffs on goods from India over its Russian oil purchases, while New Delhi called the attack "unjustified" and vowed to protect its economic interests.


Markets were also still watching if Trump will decide to extend a trade truce with China that expires on August 12, or potentially let tariffs shoot back up to triple-digits.

Earnings from major names on Tuesday include Advanced Micro Devices, Pfizer, Snap, Rivian, and Yum Brands.

Among other movers, Palantir Technologies rose 5.4 per cent in premarket trading after raising its annual revenue forecast for the second time, driven by strong demand for its AI-linked services.

Online telehealth company Hims and Hers Health crashed 12.4 per cent after missing Street estimates for second-quarter revenue, as subscribers for its compounded versions of weight-loss drugs declined.

Inspire Medical Systems sank 25.3 per cent after its second-quarter earnings failed to impress investors.

FAQs

Q1. What are indexes of US Stock Market?
A1. Indexes of US Stock Market are S&P 500, Nasdaq and Dow Jones.

Q2. What are major earnings report from Tuesday?
A2. Earnings from major names on Tuesday include Advanced Micro Devices, Pfizer, Snap, Rivian, and Yum Brands.