Wall Street Set for Steady Start on Hopes of Rate Cuts; Company Earnings in Focus

U.S. stock markets are expected to open slightly higher on Tuesday, supported by hopes of interest rate cuts and strong earnings from major companies.

 Rate Cut Expectations Rise

• After weak U.S. job data, investors now see an 88% chance the Federal Reserve will cut interest rates in September, up from 63% last week.

• Traders expect two rate cuts by the end of 2025.

• This has helped boost stocks after last week’s drop.

 Earnings in the Spotlight

Companies releasing results today include:

• Advanced Micro Devices (AMD)

• Snap

• Rivian

📈 Palantir (PLTR) shares rose 7.1% after raising revenue forecasts.
📈 Pfizer (PFE) gained 2.4% after lifting its profit forecast.
📉 Hims & Hers dropped 10.2% due to disappointing revenue.

 Other Market Moves

• Caterpillar (CAT) slipped 0.2% after reporting a fall in profit caused by weak demand and higher costs from tariffs.

 Global Concerns

• Tensions rose after Trump fired the head of the Bureau of Labor Statistics, raising worries about economic data reliability.

• Trump may soon replace the Fed Chair, but experts say changes won’t be immediate.

• He also threatened new tariffs on India and may let a trade deal with China expire next week.

 Market Snapshot at 8:28 AM ET

• S&P 500 futures: +0.17%

• Nasdaq 100 futures: +0.28%

• Dow futures: +0.09%