FX.co ★ US Stocks Set to Hold Strong Momentum

U.S. stock futures remained steady on Tuesday, maintaining gains from the past two sessions ahead of crucial earnings announcements. Investors were also assessing the potential for new trade restrictions between the U.S. and China. Anticipated muted openings were projected for the S&P 500, Dow, and Nasdaq 100, despite the latter reaching a record high yesterday thanks to strength in the technology sector. In a strategic move, the U.S. secured a key minerals supply agreement with Australia just before President Trump's meeting with Chinese President Xi Jinping, reducing the likelihood of U.S. shortages in rare earth elements. The impact of these potential shortages is expected to be a point of focus during earnings calls from companies such as Raytheon, Texas Instruments, Intuitive Surgical, and Lockheed Martin. Additionally, General Electric was set to open 1% higher following better-than-expected earnings, mirroring positive developments for Danaher, Northrop Grumman, 3M, and General Motors. Meanwhile, Netflix was riding high, continuing the momentum of yesterday’s 3.3% increase ahead of its post-market earnings release.