07:16 AM EST, 11/04/2025 (MT Newswires) -- US equity futures were trending lower on Tuesday as traders await the latest batch of corporate earnings.

The S&P 500 declined 1%, the Dow Jones Industrial Average was off 0.7% and the Nasdaq fell 1.2% in premarket activity. The S&P 500 and the Nasdaq closed the previous trading session higher, while the Dow closed in the red.

Advanced Micro Devices ( AMD ) , Arista Networks ( ANET ) , Amgen ( AMGN ) , Super Micro Computer ( SMCI ) , Pinterest ( PINS ) and Rivian Automotive ( RIVN ) are some of the major companies scheduled to release their latest financial results after the markets close.

Shopify ( SHOP ) , Uber Technologies ( UBER ) , Eaton (ETN), Pfizer ( PFE ) , Spotify ( SPOT ) , Marriott International ( MAR ) , Yum! Brands ( YUM ) , Archer-Daniels-Midland ( ADM ) , Global Payments ( GPN ) and Norwegian Cruise Line ( NCLH ) post earnings before the bell, among others.

Shares of Palantir Technologies ( PLTR ) dropped 7.3% pre-bell even though the software maker reported stronger-than-expected third-quarter results. Wedbush Securities maintained its outperform rating on Palantir's ( PLTR ) stock, viewing it as "one of the (artificial intelligence) tech stalwarts over the next decade," according to a Tuesday client note.

Starbucks ( SBUX ) inched 0.1% higher as the coffee giant agreed to sell a 60% stake in its retail operations in China to Boyu Capital as part of a joint venture agreement with the Chinese private equity firm. Denny's (DENN) surged 50% as the diner company agreed to be acquired and taken private by TriArtisan Capital Advisors, Treville Capital Group and Yadav Enterprises in a $620 million deal.

Treasury yields were down in premarket action, with the two-year rate retreating 2.2 basis points to 3.58% and the 10-year rate decreasing 1.1 basis points to 4.1%.

The US federal government shutdown entered its 35th day on Tuesday. The stoppage is likely to delay the release of the Job Openings and Labor Turnover Survey for September and the international trade in goods and services report for the same month, due today. Federal Reserve Vice Chair for Supervision Michelle Bowman is slated to speak at 6:35 am ET.

On Monday, two surveys presented mixed trends in the US manufacturing sector for October, with Institute for Supply Management data showing continued contraction and an S&P Global (SPGI) report indicating growth for a third consecutive month.

West Texas Intermediate crude oil slid 1.6% to $60.09 a barrel before the opening bell. Gold slipped 0.2% to $4,005 per troy ounce, while bitcoin declined 2% to $104,500.