08:55 AM EDT, 10/28/2025 (MT Newswires) -- US equity futures were cautiously higher ahead of Tuesday's opening bell as traders digested a US-Japan trade deal.

Dow Jones Industrial Average futures were up 0.5%, S&P 500 futures were 0.1% higher, Nasdaq futures were up 0.2%.

The US and Japan have agreed on a framework to support the supply of raw and processed critical minerals and rare earths vital to their domestic industries, according to a White House statement.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.6% at $63.85 per barrel and US West Texas Intermediate crude 1.8% lower at $60.22 per barrel.

The S&P Case-Shiller home price index is scheduled for release at 9 am ET.

The Conference Board's Consumer Sentiment index for October, slated for 10 am ET, is seen coming in at 93.4 versus 94.2 in September, according to estimates compiled by Bloomberg.

In other world markets, Japan's Nikkei closed 0.6% lower, Hong Kong's Hang Seng ended 0.3% lower, and China's Shanghai Composite finished 0.2% lower. Meanwhile, the UK's FTSE 100 was up 0.4%, and Germany's DAX index was flat in Europe's early afternoon session.

In equities, PayPal ( PYPL ) shares were up 10% pre-bell after the company reported higher Q3 non-GAAP earnings and revenue and said it will adopt the Agentic Commerce Protocol to expand payments and commerce in OpenAI's ChatGPT.

On the losing side, Rambus ( RMBS ) stock was down 14%, a day after the company reported lower Q3 earnings.