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Futures Little Changed Ahead of Earnings Reports


Stock futures were little changed Tuesday, with traders readying for earnings reports from major companies after the benchmark posted its best day in more than a month.

Futures for the Dow Jones Industrials advanced 26 points, or 0.1%, to 40,718.

Futures for the S&P 500 index grabbed four points, or 0.1%, at 5,614.25.

Futures for the NASDAQ Composite dipped 7.25 points to 19,993.75.

Google-parent Alphabet and Tesla are due to report earnings after the bell. Those reports will mark the Street’s first look at how major tech-related names fared during the second quarter.

Meanwhile, General Motors posted second-quarter results that easily beat analyst expectations and boosted shares about 5%. UPS missed on the top and bottom lines, sending the stock down 7%.

Those moves follow a winning day on Wall Street, as technology stocks rebounded from last week’s sell-off. The S&P 500 rose more than 1% for its best session since early June, while the Dow ticked higher by 0.3%.

Given this theme, the tech-heavy NASDAQ outperformed with a 1.6% climb. The S&P 500 was led higher by the information technology and communication services sectors, which gained roughly 2% and 1.2%, respectively.

In Japan, the Nikkei 225 fell less than 0.1% Tuesday, while in Hong Kong, the Hang Seng index docked 0.9%.

Oil prices sank 42 cents to $77.98 U.S. a barrel.

Gold prices improved $14.90 to $2,409.60.



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