It's shaping up to be another good day for stocks, and you can thank (or blame) geopolitics for that. U.S. stock futures edged higher on Tuesday, building on Monday's broad rally, after President Donald Trump said he would halt further military strikes on Iran. That little nugget of de-escalation sent oil prices into a tailspin, which, as you might expect, put a smile on the faces of equity investors everywhere.

Dow futures rose about 0.2%, while S&P 500 futures gained 0.2% and Nasdaq-100 futures advanced 0.3%. Nothing explosive, but when you're coming off a day like Monday, you don't need fireworks. You just need the trend to hold.

And what a Monday it was. The Dow Jones Industrial Average closed at a record high, powered by falling crude prices and some serious muscle from heavyweight tech stocks. WTI crude tumbled more than 5% to settle at $80.34 a barrel after Trump's comments signaled a potential cooling of tensions in the Middle East. When oil drops like that, it's like a tax cut for the global economy, and investors responded accordingly.

Now, the focus shifts to the earnings calendar, which is packed today. Before the opening bell, we've got Caterpillar (NYSE: CAT) and McDonald's (NYSE: MCD) stepping up to the plate. After the close, all eyes will be on Advanced Micro Devices (NASDAQ: AMD). These aren't just any earnings, either. McDonald's is the king of fast food, Caterpillar is the bellwether for global economic activity, and AMD is the chipmaker that's been riding the AI wave like a surfer on a tsunami.

On the economic front, traders will also be digging into June factory orders and U.S. international trade data. The goal? To get a better read on the strength of the economy and see if the recent equity rebound has legs or if it's just a geopolitical sugar high.

Meanwhile, the bond market is doing its thing. The 10-year Treasury yield sits at 4.69%, while the two-year is at 4.26%. And here's a fun fact: according to the CME Group's FedWatch tool, markets are pricing in a 62.7% likelihood that the Federal Reserve will hike interest rates at its September meeting. So, yeah, the Fed is still very much in the picture.

Here's a quick snapshot of where futures stood in premarket trading:

The SPDR S&P 500 ETF Trust (NYSE: SPY) and Invesco QQQ Trust ETF (NASDAQ: QQQ), which track the S&P 500 and Nasdaq 100, respectively, were both higher in premarket. SPY was up 0.11% at $758.48, while QQQ advanced 0.57% to $704.05. Small gains, but they're gains.

Stocks In Focus

McDonald's Corp

McDonald's Corporation (NYSE: MCD) stock was trading 1.25% higher premarket as the fast food giant prepares to report second-quarter financial results Tuesday before market open. Analysts expect McDonald's to report revenue of $7.13 billion, up from $6.84 billion in last year's second quarter, according to data from MarketDash.

MarketDash's Edge Stock Rankings indicate that MCD maintains a weak price trend in the short, long, and medium terms, but it does have a good growth score. So, the fundamentals might be there, but the price action has been a bit meh.

Caterpillar

Caterpillar Inc's (NYSE: CAT) stock was up 1.68% in premarket trading on Tuesday, ahead of its second-quarter results due before markets open. Analysts expect the company to report quarterly earnings of $6.2 per share on revenue of $19.2 billion, according to MarketDash.

MarketDash's Edge Stock Rankings indicate that CAT maintains a weak price trend in the short and medium terms, but it's strong in the long term. Its quality, growth, and momentum scores are all favorable. So, if you're a long-term investor, this might be one to watch.

Advanced Micro Devices

Advanced Micro Devices Inc (NASDAQ: AMD) shares are up 2.34% in premarket trading on Tuesday as the chip giant gears up to report quarterly earnings after markets close. Analysts are projecting second-quarter revenue of $11.28 billion alongside adjusted earnings of $1.61 per share, according to MarketDash.

MarketDash's Edge Stock Rankings indicate that AMD maintains a weak price trend in the short term, but the medium and long term look solid, with good growth, quality, and momentum scores. So, the short-term wobble might just be a blip on the radar.

ON Semiconductor

ON Semiconductor Corp's (NASDAQ: ON) stock rose 8% to $86.50 in trading before the bell after the company posted strong quarterly earnings on the back of steady AI demand. That's a nice pop, and it shows that AI is still the gift that keeps on giving for chipmakers.

MarketDash's Edge Stock Rankings indicate that ON maintains a weak price trend in the short, long, and medium terms, but it has a good growth and momentum score. So, the trend might be weak, but the momentum is there.

Palantir Technologies

Palantir Technologies Inc. (NASDAQ: PLTR) stock climbed over 16% to $145.90 in premarket trading on Tuesday, after the company posted stellar earnings and raised its forecast. That's a monster move, and it's clear that investors are loving what they're seeing from the data analytics company.

MarketDash's Edge Stock Rankings indicate that PLTR maintains a weak price trend in the short, long, and medium terms, but it has a good growth score. So, despite the weak trend, the growth story is compelling enough to drive shares higher.

Cues From Last Session

Monday's rally was led by the communications services and tech sectors. Amazon (NASDAQ: AMZN) surpassed a $3 trillion market capitalization for the first time, which is a pretty big deal. Nvidia (NASDAQ: NVDA), Meta Platforms (NASDAQ: META), Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), and Microsoft (NASDAQ: MSFT) all posted strong gains, helping to push the major indices higher.

Here's how the major indices closed on Monday:

Upcoming Economic Data

Here's what investors will be keeping an eye on this week:

• June's US trade balance data will be released by 8:30 a.m., followed by June's JOLTS job openings and June's factory orders data at 10:00 a.m. ET.
• Kansas City Fed President Jeff Schmid is due to speak at 8:15 p.m. EST.

Commodities, Crypto, And Global Equity Markets

Crude Oil WTI futures were trading higher in the early New York session, up 2.22% to hover around $82.12 per barrel. That's a bit of a rebound from Monday's drop, but still well below the recent highs.

Gold Spot US Dollar tripped 0.05% to hover around $4,053.21 per ounce. The U.S. Dollar Index spot was 0.11% higher at the 100.01 level. So, gold is basically flat, and the dollar is ticking up slightly.

Meanwhile, Bitcoin (CRYPTO: BTC) was trading 1.72% higher at $63,510.10 per coin over the last 24 hours. Crypto is having a bit of a moment, it seems.

Asian markets rose on Monday, with Japan's Nikkei 225, South Korea's Kospi, China's CSI 300, and Australia's ASX 200 all closing higher. However, Hong Kong's Hang Seng index fell 0.60% and India's Nifty 50 was 1.27% lower. European markets were mostly higher in early trade.

So, there you have it. A day full of earnings, economic data, and geopolitical drama. Buckle up, because it's going to be a busy one.