08:09 AM EDT, 10/08/2024 (MT Newswires) -- US equity futures were higher pre-bell Tuesday as traders digested the first major earnings of the Q3 earnings season.

Dow Jones Industrial Average futures gained 0.2%, S&P 500 futures increased 0.4%, and Nasdaq futures rose 0.5%.

Food and beverage manufacturer PepsiCo ( PEP ) reported pre-bell fiscal Q3 adjusted earnings that topped analysts' projections, while its revenue missed.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 2.2% at $79.16 per barrel and US West Texas Intermediate crude down 2.3% at $75.34 per barrel.

The US trade deficit, scheduled for release at 8:30 am ET, is expected to narrow to $70.1 billion in August from $78.8 billion in the preceding month, according to estimates compiled by Bloomberg.