06:57 AM EST, 01/27/2026 (MT Newswires) -- US equity futures were mostly trending up before the open Tuesday as investors awaited financial results from several major companies and prepared for the Federal Reserve's latest decision on interest rates.

The S&P 500 rose 0.3% and the Nasdaq increased 0.6% in premarket activity, while the Dow Jones Industrial Average was down 0.2%. The indexes finished the previous trading session in the green, with the S&P 500 and the Nasdaq extending gains for a fourth consecutive day.

UnitedHealth ( UNH ) , Boeing ( BA ) , Union Pacific (UNP) HCA Healthcare (HCA), United Parcel Service ( UPS ) , General Motors ( GM ) , American Airlines ( AAL ) and JetBlue Airways ( JBLU ) are scheduled to report their latest earnings before the bell, among others. Texas Instruments ( TXN ) , PPG Industries ( PPG ) and Packaging Corp. of America ( PKG ) are expected after the markets close.

Tech giants Microsoft ( MSFT ) , Meta Platforms ( META ) and Tesla (TSLA) are slated to announce their earnings on Wednesday. iPhone maker Apple's ( AAPL ) results are due on Thursday.

"We expect that traders and investors will be judging results and any guidance given this week, especially considering the broadening of the rallies seen over the course of the last year, as well as the multiple expansion that's taken valuations higher on a number of companies and not just among tech and tech-related names," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said in a Monday note to clients.

The Fed's monetary policy committee is set to kick off its meeting on interest rates today, with a decision due tomorrow. Markets widely expect the Fed to keep its benchmark lending rate unchanged later in the week, according to the CME FedWatch tool, following the three straight 25-basis-point cuts delivered last year.

Treasury yields were mixed in premarket action, with the two-year rate retreating 0.4 basis points to 3.59% while the 10-year rate gained 1 basis point to 4.22%.

In a social media post on Monday, President Donald Trump announced that he is increasing South Korea's tariffs on autos, lumber, pharmaceutical and all other reciprocal duties to 25% from 15%, saying the Korean legislature hasn't yet approved the country's trade deal with the US agreed on July 30.

India's minister of petroleum and natural gas, Hardeep Singh Puri, told CNBC on Tuesday that the country is "at a very advanced stage" in reaching a trade deal with the US. The European Union and India announced a free-trade agreement on Tuesday.

Shares of UnitedHealth ( UNH ) dropped 12% pre-bell, while CVS Health ( CVS ) and Humana (HUM) fell 11% and 14%, respectively, following a report by The Wall Street Journal that the Trump administration has proposed substantially lower than expected Medicare Advantage payment rates for 2027.

Nucor (NUE) declined 3.3% as the steel production company reported fiscal fourth-quarter results that were lower than expected. GameStop ( GME ) inclined 1.6% while CoreWeave ( CRWV ) climbed 6.1%.

Tuesday's economic calendar has the Case-Shiller Home Price Index and the Federal Housing Finance Agency House Price Index, both for November, at 9 am ET. The consumer confidence report for January is out at 10 am, along with the delayed new home sales report for December and the Richmond Fed manufacturing index for the current month.

West Texas Intermediate crude oil ticked up 0.3% to $60.78 a barrel before the opening bell. Gold was slightly in the green at $5,084 per troy ounce, while bitcoin nudged 0.2% higher to $87,844.