Futures for the Dow Jones industrial average, S&P 500 and especially the Nasdaq-100 rose early Tuesday on the stock market today, with Sandisk, Micron Technology and Advanced Micro Devices lead a rebound in artificial intelligence. Crude oil prices also rose.
General Motors, 3M and Halliburton are among the notable earnings movers.
Ahead of the opening bell, Dow Jones futures rose 0.2% vs. fair value. S&P 500 futures climbed 0.4%. Nasdaq-100 futures jumped 1.3%.
The Dow Jones Industrial Average fell 0.6% in Monday's stock market trading. The S&P 500 index declined 0.2%. The Nasdaq composite lost a fraction, giving up solid morning gains and some distance from its 50-day line. The small-cap Russell 2000 retreated 0.7%.
The 10-year Treasury yield was steady after rising 5.5 basis points to 4.6%.
Crude oil prices more than 1% to above $84.50 a barrel on continue U.S.-Iran attacks. Crude futures rose 0.9% on Monday to $83.23 a barrel in a whipsaw session on Iran news.
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AI Stocks Rebound
SandiskSNDK jumped more than 7% before the open, while fellow memory giant Micron TechnologyMU popped 6%. Sandisk stock is still a long way from its 50-day moving average but Micron is getting close.
Advanced Micro DevicesAMD gained 4% early Tuesday. AMD stock is set to bounce from its 50-day line and try to reclaim its 21-day line.
Stock Market Today: Key Earnings
General MotorsGM, diversified industrial giant 3MMMM and oil services firm HalliburtonHAL beat second-quarter earnings.
GM stock rose modestly, eyeing a retake of its 200-day line but still below its 21-day and 50-day lines.
3M stock jumped toward a long cup-with-handle base buy point.
Halliburton stock fell modestly, moving back toward its 200-day line.
Please follow Ed Carson on X/Twitter at @IBD_ECarson for stock market updates and more.
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