09:21 AM EDT, 07/09/2024 (MT Newswires) -- US stocks look set to open marginally higher in Tuesday's trading session as investors look ahead to Federal Reserve Chairman Jerome Powell's appearance before the Senate Banking Committee later this morning and the House Financial Services Committee Wednesday.

Investors are keen to find out whether Powell will indicate that the Fed is ready to begin cutting interest rates soon.

The Dow Jones Industrial Average futures were marginally higher, S&P 500 futures were up 0.2%, and Nasdaq futures were gaining 0.3%.

Oil prices were moving lower, with front-month global benchmarks Brent crude and West Texas Intermediate crude declining 0.4% and 0.5%, respectively.

In other world markets, Japan's Nikkei was up 2%, Hong Kong's Hang Seng was down 0.8%, and China's Shanghai Composite was 1.3% higher. Meanwhile, in Europe's early afternoon session, the UK's FTSE 100 was down 0.7%, while Germany's DAX and France's CAC were moving 1% and 1.3% lower, respectively.

On the winning side, shares of Globavend ( GVH ) were up over 36% in Tuesday's premarket session after the company said that New Zealand Post has been included as one of its last-mile delivery suppliers in New Zealand. Pineapple Energy's ( PEGY ) stock was 58% higher after the company said it hired Conduit Capital to offer structural internal support, staffing, and assistance with capital-raising activities.

On the losing side, shares of Indivior ( INDV ) were down nearly 40% after the company said it lowered its fiscal 2024 net revenue guidance. Helen of Troy (HELE) stock was 27% lower after the company posted lower fiscal Q1 adjusted earnings and revenue that also missed analyst expectations.