Futures tracking the Nasdaq and the S&P 500 edged higher on Tuesday as investors geared up for earnings from major Wall Street lenders as well as inflation data that could sway expectations around how soon the Federal Reserve will cut interest rates.

U.S. stocks appear set for a cautious opening on Tuesday amid President Donald Trump’s ongoing tariff war, but a surge in Nvidia Corp.’s (NVDA) shares lifted Nasdaq futures in the pre-market session.

U.S. stock futures were mostly higher Tuesday after Nvidia set it's likely to resume sales of key chips to China, with a key inflation report and bank earnings on the way. Dow Jones Industrial Average futures fell 71 points,

By Pranav Kashyap and Nikhil Sharma (Reuters) -Futures tied to the Nasdaq and the S&P 500 hit record highs on Tuesday as the second-quarter earnings season began and investors awaited upcoming inflation data that could influence the Federal Reserve's policy moves.

Circle, CoreWeave, Palantir, Roblox and Shopify were big winners Monday. The CPI inflation report is due out Tuesday.

U.S. stock futures traded mixed early Tuesday after the major averages defied the tariff uncertainty and closed in the green in the previous session. The tariff headwinds continue unabated as the European Union said it is readying a list of U.

After Wall Street previously downplayed risks from President Donald Trump's trade war, investors are starting to take his tariff threats more seriously.

Futures fell as President Trump announced a 35% tariff vs. Canada after the S&P 500 and Nasdaq hit highs even as CoreWeave dived.