Stocks were headed toward gains early Tuesday, with markets’ anxiety over last week’s disappointing jobs data dissipating, according to the Associated Press. Investors are instead turning their attention to another slew of corporate earnings this week.
Futures for the S&P 500 were up 0.3% before the bell, while Dow Jones Industrial Average futures were flat and Nasdaq futures gained 0.4%.
Palantir Technologies was on its way toward another record high after booking its first $1 billion in quarterly sales and raising its outlook for the year. Shares rose more than 6% before markets opened.
Caterpillar shares dropped 3.5% after the farming and industrial equipment maker’s second-quarter profit fell short of Wall Street expectations.
In energy trading, U.S. benchmark crude oil lost 73 cents to $65.56 per barrel, while Brent crude, the international standard, shed 64 cents to $68.12 per barrel.
