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Futures up: Dow 0.25%, S&P 500 0.26%, Nasdaq 0.28%

July 21 (Reuters) - Wall Street futures edged higher on

Monday, buoyed by prospects of trade deals between the U.S. and

its key partners, while the earnings season picked up pace with

several industrial and tech firms set to report this week.

Futures tracking the S&P 500 rose 16.5 points, or

0.26% at 5:51 a.m. ET, and Nasdaq 100 e-minis climbed 65

points, or 0.28%, hovering near all-time highs hit last week.

Dow e-minis rose 110 points, or 0.25%.

Investors scoured for more trade deals ahead of President

Donald Trump's August 1 tariff deadline. He threatened to impose

a 30% tariff on imports from Mexico and the European Union

after weeks of negotiations with the major U.S. trading partners

failed to reach a comprehensive deal.

Trump has sent letters to other trading partners including

Canada, Japan and Brazil, setting blanket tariff rates ranging

from 20% to 50%.

Commerce Secretary Howard Lutnick's remarks on Sunday,

however, offered some optimism as he expressed confidence over

striking a trade deal with the EU.

The S&P 500 and the Nasdaq reached new

heights throughout the last week as investors largely overlooked

Trump's shifting tariff rhetoric in favor of stronger economic

data and a solid start to the earnings season.

The blue-chip Dow was 1.64% away from its all-time high.

Of the 59 S&P 500 companies that have reported quarterly

earnings this season, 81.4% have surpassed Wall Street's

earnings expectations, compared with a long-term average of

67.1%, according to LSEG I/B/E/S data as of Friday.

All eyes will be on marquee companies such as Alphabet

and Tesla later this week, as they kick off

earnings for the so-called "Magnificent Seven" stocks, which

could influence the overall trajectory of Wall Street.

Shares of Tesla and Alphabet were up 1.4% and 0.8% in

premarket trading, respectively. Meanwhile, Verizon edged

up 0.7% ahead of its results.

The week is light on the economic data front, with only

notable indicators being weekly jobless claims figures and the

July business activity report on Thursday. Federal Reserve Chair

Jerome Powell's comments on Tuesday will be closely watched for

clues on the central bank's future monetary policy stance.

Traders have largely ruled out a July rate cut, and are

pricing in an about 60% chance of a September reduction, as per

CME Group's FedWatch tool.

Ethereum-linked companies Bitmine Immersion Technologies

, Gamesquare Holdings ( GAME ), BTCS ( BTCS ) and

Sharplink Gaming ( SBET ) advanced between 4.2% and 10.1% as

ether traded near its highest level this year after Trump

signed into law a bill regulating stablecoins in the United

States.