U.S. stocks set for higher open as strong earnings boost market sentiment
U.S. stock futures pointed to a higher open on Tuesday, July 21, 2026, driven by strong corporate earnings from 3M, General Motors, and Novartis, which lifted market sentiment after Monday's decline. 3M rose over 7% in pre-market trading after beating Q2 estimates and raising its full-year outlook. GM also surpassed forecasts and increased its 2026 guidance. Technology stocks supported gains, with Nasdaq 100 futures up 1.2%. However, gains were tempered by a 2% rise in crude oil prices amid ongoing U.S.-Iran military tensions, raising inflation concerns. Investors are awaiting earnings from major tech firms like Alphabet, IBM, and Tesla later this week. On Monday, the Dow fell 0.6%, the S&P 500 dropped 0.2%, and the Nasdaq slipped 0.1%, pressured by rising Treasury yields and geopolitical risks. The Conference Board's Leading Economic Index declined 0.2% in June, slightly worse than expected.
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