U.S. index futures saw a rise in pre-market trading this Tuesday, sustaining the positive momentum observed in the previous session. The S&P 500 broke a six-day losing streak the day before, driven by a significant recovery in the technology sector.

At 6:33 AM, Dow Jones futures (DOWI:DJI) rose 69 points, or 0.19%. S&P 500 futures advanced 0.26%, and Nasdaq-100 futures gained 0.34%. The yield on 10-year Treasury notes was at 4.615%.

In the commodities market, West Texas Intermediate crude oil for June fell 0.12%, to USD 81.80 per barrel. Brent crude for June dropped 0.05%, near USD 86.96 per barrel. Iron ore traded on the Dalian exchange fell 1.91% to USD 117.15 per metric ton.

On Tuesday’s economic agenda, investors await at 09:45 AM the release of the S&P Global preliminary reading of the Purchasing Managers’ Index (PMI) for April. Additionally, at 10:00 AM, the Department of Commerce will publish data on new home sales for March.

European markets opened with strong optimism this Tuesday, evidenced by a 0.6% increase in the Stoxx 600 index. This favorable climate was especially influenced by the exceptional performance of the UK’s FTSE 100, which recorded its intraday high. Now, all eyes are on the disclosure of financial results from the region’s major banks.

Asian stock markets maintained an upward trajectory since Monday’s session, driven by a recovery in the technology sector on Wall Street and a series of positive economic indicators in the region. Highlighting this, data from S&P Global revealed that Australia’s composite PMI reached its highest level in two years, marking 53.6 in April, up from 53.3 in March. This growth was also observed in Japan and India, where business activity expansion rates accelerated during the same period. Regarding market performance, China’s Shanghai SE index slightly retreated, falling 0.74%, while Japan’s Nikkei rose modestly by 0.30%. On the other hand, Hong Kong’s Hang Seng saw a significant gain of 1.92%, followed by more moderate increases in South Korea’s Kospi and Australia’s ASX 200, which rose 0.24% and 0.45%, respectively.

U.S. stocks advanced on Monday, particularly driven by the technology sector and a wave of bargain hunting after recent losses. Reduced tensions in the Middle East also strengthened investors’ spirits. The Dow Jones grew 0.67%, while the S&P 500 and Nasdaq recorded gains of 0.87% and 1.11%, respectively. Concerns decreased about a possible larger conflict in the Middle East after calculated exchanges of attacks between Iran and Israel.

For the quarterly earnings front, reports are scheduled to be presented before the market opens from General Motors (NYSE:GM), United Parcel Service (NYSE:UPS), Lockheed Martin (NYSE:LMT), General Electric (NYSE:GE), Pepsico (NASDAQ:PEP), Spotify (NYSE:SPOT), Freeport McMoRan (NYSE:FCX), RTX (NYSE:RTX), Jetblue (NASDAQ:JBLU), Halliburton (NYSE:HAL), among others.

After the close, numbers from Tesla (NASDAQ:TSLA), Visa (NYSE:V), Enphase Energy (NASDAQ:ENPH), Texas Instruments (NASDAQ:TXN), Steel Dynamics (NASDAQ:STLD), Seagate (NASDAQ:STX), Chubb (NYSE:CB), Baker Hughes (NASDAQ:BKR), Weatherford (NASDAQ:WFRD), EQT Corporation (NYSE:EQT), and more, will be awaited.

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