06:50 AM EDT, 04/23/2024 (MT Newswires) -- US benchmark equity indexes were trending higher before Tuesday's open, as traders look ahead to major corporations reporting their latest quarterly earnings.

Standard & Poor's 500 futures and the Nasdaq rose 0.3% each in the premarket, while the Dow Jones Industrial Average added 0.2%. Asian exchanges were mostly tracking upwards, while European bourses were in the green.

Cadence Design Systems' (CDNS) shares declined 5.8% pre-bell after the computational software company provided a downbeat financial outlook for the current three-month period. Nucor (NUE) slipped 6.3% as the steel production company expects earnings to decline sequentially in the second quarter.

Pepsico (PEP), GE Aerospace (GE), Danaher (DHR), Philip Morris International (PM), RTX (RTX), United Parcel Service (UPS), Lockheed Martin (LMT), Fiserv (FI), Spotify Technology (SPOT), General Motors (GM) and JetBlue Airways (JBLU) are scheduled to release financial results before the bell, among others.

Electric vehicle maker Tesla (TSLA) posts earnings in the afterhours alongside Visa (V) and Texas Instruments (TXN).

On the economic calendar, the April purchasing managers' index report from S&P Global is due at 9:45 am ET, followed by the new home sales report for March at 10 am. The Richmond Federal Reserve Manufacturing Index for this month is also out at 10 am.

Before the opening bell, bitcoin edged 0.2% lower to $66,292, West Texas Intermediate crude was down 0.1% to $81.79 a barrel, yields on 10-year Treasuries dipped 0.8 basis points to 4.62% and gold fell 1.4% to $2,314 an ounce.