US stock futures held steady as Wall Street regained its balance after a tumultuous week and braced for the next wave of corporate earnings.
Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) ticked up 0.1%.
Palantir (PLTR) stock rose in after-hours trading after the company's earnings report beat expectations and revealed its revenue had topped $1 billion in a quarter for the first time.
On Monday, stocks sharply rebounded after tanking on Friday in the aftermath of a number of market-shaking events, including a weak jobs report, fresh tariffs, new signs of rising prices, and the firing of the commissioner of the Bureau of Labor Statistics. President Trump continued to amp up pressure on trade Monday, threatening to hike tariffs on India.
Read more: The latest on Trump's tariffs
Wall Street is now focused on the continuation of earnings season. On Tuesday, AMD (AMD) and Rivian (RIVN) are set to report their results. McDonald's (MCD) and Disney (DIS) earnings land Wednesday. However, another trade blow looms at the end of the week, with Trump's latest iteration of global tariffs set to take effect.
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Stock market coverage for Tuesday, August 05, 2025.
