FX.co ★ US Futures Slightly up as Earnings Roll in

On Tuesday, U.S. stock futures experienced a modest increase, building on gains seen in the previous two sessions, as investors remained optimistic about corporate earnings and evaluated the trade dynamics between China and the United States. All three major stock indices were positioned above previous thresholds, with the Nasdaq 100 poised to reach a record high. The spotlight in the initial trading session was on the defense and aerospace sectors, driven by robust earnings reports from key industry players. Specifically, GE Aerospace saw its futures rise by 3% thanks to strong earnings and an optimistic profit outlook. Similarly, Raytheon anticipated a 6% upswing following its satisfactory financial results, which also demonstrated the company’s confidence in securing essential mineral supplies for its operations. In a strategic move, the U.S. finalized a supply agreement for crucial minerals with Australia ahead of the anticipated meeting between President Trump and China’s President Xi Jinping, effectively reducing the risk of U.S. shortages of a specific category of rare earth elements. In other developments, Coca-Cola’s shares increased by 2%, while Philip Morris experienced a slight uptick following their respective earnings announcements. Furthermore, investors are keenly awaiting earnings results from Netflix and Texas Instruments, scheduled to be released after market close.