Futures for stocks suggested a positive outlook as oil prices fell on Tuesday, after a day when major indices closed lower due to increased tensions in the Middle East, paving the way for a week rich in earnings reports. In the most recent trading session, futures for the Nasdaq 100, S&P 500, and Dow Jones Industrial Average recorded gains of 0.6%, 0.4%, and 0.3%, respectively. Yesterday, the blue-chip Dow Jones Industrial Average, benchmark S&P 500, and tech-heavy Nasdaq Composite ended the trading session down by 1.1%, 0.4%, and 0.2%, respectively, after a phase in which rising technology stocks drove the S&P 500 and Nasdaq Composite to set new intraday and closing records on Friday.

Oil futures witnessed a notable rise yesterday after the United Arab Emirates declared its successful interception of Iranian missiles; nonetheless, a decline was observed early Tuesday. West Texas Intermediate futures, the U.S. crude oil benchmark, recorded a decrease of 2.1%, concluding at $104.20 a barrel. Meanwhile, front-month contracts of Brent crude, the global benchmark, decreased by 1.2% to $113, following its highest settlement price since June 2022, which was recorded yesterday at $114.44.

The 10-year Treasury yield, a crucial factor influencing interest rates on mortgages and various consumer loans, fell to 4.43% from Monday’s closing figure that surpassed 4.44%. Gold futures rose by 0.7%, attaining a price of $4,565 per ounce. Bitcoin was priced at 80,700, reflecting an increase from the overnight lows of approximately 79,800. The U.S. dollar index, a gauge of the greenback’s value against a basket of foreign currencies, rose by 0.1% to attain a level of 98.49.

Stocks of the Magnificent Seven tech giants, excluding Apple, showed an upward trajectory in premarket trading after a varied performance the previous day. Following the release of earnings reports, Duolingo faced a decrease of 7%; Palantir Technologies encountered a decline of 3%; Pinterest achieved an increase of 17%; and Anheuser-Busch InBev reported a rise of 7%. Shopify and Pfizer were scheduled to announce their results prior to the market opening, whereas Advanced Micro Devices was expected to do so following the market’s closure.