US stock futures pointed higher on Tuesday, with the Nasdaq leading gains and S&P 500 futures also advancing. The move suggested a steadier start for Wall Street as investors balanced renewed strength in chip stocks against a busy slate of corporate earnings.
Semiconductor shares appeared to offer support to the broader market, helping improve sentiment after recent volatility. A rebound in chip stocks is especially important for the Nasdaq, which is heavily influenced by large technology names and related sectors.
At the same time, traders were watching several macro risks. Fresh US tariffs on Canadian goods added another layer of uncertainty around trade, while the latest escalation involving the US and Iran kept geopolitical concerns in focus for markets.
Earnings remained a central driver for individual stocks and overall sentiment, with General Motors and other companies reporting results. As investors assessed company outlooks alongside trade and geopolitical developments, futures gains reflected cautious optimism rather than a full shift away from risk concerns.
