07:34 AM EDT, 08/05/2025 (MT Newswires) -- US equity futures were pointing higher on Tuesday as investors await the latest batch of corporate earnings and continue to monitor fresh developments related to tariffs.

The S&P 500 rose 0.2%, the Dow Jones Industrial Average was up slightly, and the Nasdaq added 0.4% in premarket activity. The indexes finished Monday in the green, with the S&P 500 and the Dow posting gains after recording four and five straight sessions of losses, respectively.

A host of major companies are scheduled to report their latest financial results before the bell, including Caterpillar ( CAT ) , Eaton (ETN), Pfizer ( PFE ) , Transdigm Group ( TDG ) , Marriott International ( MAR ) , Cummins (CMI), Yum! Brands ( YUM ) , DuPont de Nemours ( DD ) , Fox (FOX, FOXA) and Jacobs Solutions ( J ) .

Advanced Micro Devices ( AMD ) , Amgen ( AMGN ) , Arista Networks ( ANET ) and News (NWS, NWSA) are set to post earnings after the markets close.

Shares of Palantir Technologies ( PLTR ) increased 5.3% pre-bell as the software maker's second-quarter results topped market expectations. Hims & Hers Health ( HIMS ) tumbled 13% as the telehealth company's second-quarter revenue fell short of Wall Street's estimates.

American Eagle Outfitters ( AEO ) added 1.9% early Tuesday after closing Monday up 24%, as President Donald Trump praised the company's viral ad campaign featuring Hollywood actress Sydney Sweeney. STAAR Surgical ( STAA ) climbed 45% after the firm agreed to be acquired by Alcon ( ALC ) in a $1.5 billion deal.

European goods entering the US will face a flat 15% tariff, including automobiles and parts, but excluding steel, Reuters reported Tuesday, citing a senior European Union official. "What we have obtained in our deal is the best available treatment," the official told reporters, according to Reuters.

The EU will suspend for six months its planned countermeasures against US tariffs, CNBC reported Monday, citing a statement from a European Commission spokesperson. The EU measures were due to take effect this week.

The US will be "substantially raising" the tariff rate on India over the Asian country's purchase of sanctioned Russian oil, Trump said in a social media post Monday.

Treasury yields were trending upwards in premarket action, with the two-year rate rising 2.1 basis points to 3.7% and the 10-year rate inclining 1.4 basis points to 4.21%.

Tuesday's economic calendar has the international trade in goods and services report for June at 8:30 am ET, followed by the purchasing managers' index composite final report from S&P Global (SPGI) and the Institute for Supply Management's services index, both for July.

West Texas Intermediate crude oil fell 1.2% to $65.52 a barrel before the opening bell. Gold slipped 0.3% to $3,417 per troy ounce, while bitcoin nudged 0.2% lower to $114,635.