Dow Jones Today: Stock Futures Point to Higher Open as Market Looks to Rebound From Steep Declines; Gold Hits a New High

Stock futures are higher Tuesday morning as investors digest a flurry of earnings reports and await further developments on tariffs, while gold surges to another record high.

Futures tied to the S&P 500, Nasdaq and Dow Jones Industrial Average were each up 0.7% about 90 minutes before the opening bell. Stocks kicked off the week with steep losses as President Donald Trump’s criticisms of Federal Reserve Chair Jerome Powell heightened fears about the independence of the central bank, while concerns about tariffs and their impact on the economy and businesses continued to weigh on sentiment.

Companies reporting quarterly results were among the big movers this morning. Shares of GE Aerospace (GE) and 3M (MMM) were up 3.5% and 5.5%, respectively, while Verizon Communications (VZ) dropped nearly 5% and Northrop Grumman (NOC) tumbled 10%.

Shares of the world’s largest technology companies, which were among the big decliners on Monday, were all gaining ground in premarket trading. EV maker Tesla (TSLA), which is due to release its quarterly earnings report after the closing bell, was up 0.7%.  Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA), Alphabet (GOOG), Amazon (AMZN), Meta Platforms (META) and Broadcom (AVGO) also rose slightly.

Gold futures were up 1.1% at $3,465 an ounce recently, after hitting a record high of $3,510 earlier this morning, as investors continue turning to the precious metal as a safe haven amid the uncertainty surrounding tariffs and the economic outlook.

The U.S. dollar index, which measures the performance of the dollar against a basket of foreign currencies, was at 98.36, up from 98.28 at yesterday’s close. The index on Monday hit its lowest level since March 2022 as Trump’s comments about Powell and his demand that the Fed lower interest rates rattled investors.

The yield on the 10-year Treasury, which influences borrowing costs on all sorts of loans, notably mortgages, was holding steady this morning at 4.40%, trading at its highest levels in a week.

West Texas Intermediate futures, the U.S. crude oil benchmark, were were up 1.6% at $64.10 per barrel, recovering from yesterday’s selloff.

Bitcoin was at $88,600, up from an earlier low of $86,900 and trading at its highest level in nearly a month.