Stock futures climbed on Tuesday, supported by chip stocks, as investors looked through the latest developments in the Iran war to focus on corporate earnings updates.

Futures tied to the Dow Jones Industrial Average(DJI.US) rose 149 points, or 0.3%, while S&P 500 index(SPX.US) futures and NASDAQ-100(NDX.US) futures advanced 0.4% and 1.3%, respectively.

3M Company(MMM.US) shares jumped more than 6% after the industrial giant’s second-quarter earnings came in better than expected. Additionally, General Motors Company(GM.US) reported a beat on the top and bottom lines for the second quarter. The reporting period is off to a strong start. Of the roughly 54 S&P 500 names that have reported, 87% have topped bottom-line estimates, per FactSet.

Big names set to report later this week include Alphabet Inc. Class A(GOOGL.US), IBM Corp(IBM.US) and Tesla Motors, Inc.(TSLA.US).

As companies issue their latest earnings results this week, traders will be hunting for details on artificial intelligence spending. They’ll also be listening on earnings calls for confirmation that executives aren’t becoming more cautious about the second half of the year.

Semiconductors also gave a boost to the broader market in early trading. The VanEck Vectors Semiconductor ETF(SMH.US) gained more than 3%. Marvell Technology(MRVL.US) and Micron Technology, Inc.(MU.US) each climbed roughly 6% before the bell, along with Astera Labs(ALAB.US). Intel Corporation(INTC.US) advanced more than 5%.

Tuesday’s move higher comes after a losing session in which traders weighed escalations in the U.S.-Iran war.

Central Command has carried out its 10th consecutive night of strikes on Iran since President Donald Trump declared the ceasefire “over,” while Tehran’s forces have struck U.S. military assets across the Middle East and its Houthi allies have declared a maritime embargo against Saudi Arabia.

Oil prices seesawed on Tuesday as Wall Street monitored a renewed diplomatic push towards mediation efforts between the U.S. and Iran. Reports suggest mediators are proposing a 10-day ceasefire between the two adversaries. West Texas Intermediate crude futures were up more than 1% at above $84 a barrel, while international benchmark Brent was more than 1% higher at above $90.

Oil had traded higher during Monday’s session after President Donald Trump said in a Truth Social post that Tehran will pay for the deaths of three U.S. service members. The climb in energy prices pulled the major averages lower on the day, even as semiconductor stocks clawed back some of last week’s steep losses.

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As of 03:46 PM Riyadh Time, top pre-market movements are as follows:

Hormuz Strait War Risk Soars

• War risk premiums in the Strait of Hormuz surge to 10% of vessel value, highest since conflict started after weekend attacks on merchant ships.
• Iran-backed Houthi rebels blockaded Saudi ships in the Red Sea, potentially escalating Middle East conflict and disrupting global energy markets.
• An oil tanker was hit by unidentified projectiles off Oman on July 21, 2026, escalating Middle East maritime risks and threatening regional crude transport.
• Coalition defends shipping via Bab el-Mandeb, vowing firm response per international law. No US listed company.
• Escalating US-Iran tensions lift oil prices, reigniting inflation and strengthening Fed's hawkish stance; September now key for rate hike.
• Goldman Sachs says Brent crude may exceed US$120 if Strait of Hormuz shipping remains disrupted, though this isn't its baseline forecast.

Bitcoin ETFs See 5-Day Inflow Streak

US spot Bitcoin ETFs logged US$227M net inflow on July 20, marking five straight days of inflows since late April.

South Korea's KOSPI surges 4.7%

Foreign investors bought South Korean chip stocks after two days of selling brought the index to April lows.

US Hits Canada With 50% Tariff Increase

US imposes 50% tariff hike on some Canadian products from July 20, citing retaliation for Canada's trade discrimination on autos and auto parts.

NVIDIA Takes Stake in Nebius

NVIDIA Corporation(NVDA.US) reported a 9.3% passive stake in Nebius Group as of July 13, 2026.

Pineapple Financial Reports Q3 Profit

Pineapple Financial swung to Q3 EPS of US$0.99 from a US$-1.00 loss last year, while sales slipped 17% to US$622,502 from US$746,903. Read in detail>>

TSMC plans price hike

Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR(TSM.US) will raise prices by up to 10% in 2027 for advanced and mature chips, citing rising production costs.

Intel Lays Off Data Center Staff

Intel Corporation(INTC.US) cuts jobs in data center and AI units before earnings as CEO Lip-Bu Tan pushes turnaround strategy. Read in detail>>

The US$1.8 Trillion Space Economy Hangs Up

• A missing orbital bottleneck threatens the space economy's trillion-dollar growth target. Read in detail>>
• SpaceX(SPCX.US) is part of a US$182 billion AI-related debt wave shaking credit markets. This surge is driving major market impacts now. Read in detail>>

Investors Pile Into Meta

• Cathie Wood's Ark Invest loaded up on Meta Platforms(META.US) and SpaceX(SPCX.US) stock while trimming holdings of Advanced Micro Devices, Inc.(AMD.US) and Robinhood(HOOD.US). Read in detail>>
• Bill Ackman revealed large bets on Meta Platforms(META.US) and Amazon.com, Inc.(AMZN.US) as "cheap stocks," citing long-term compound growth potential.

Netflix Buys Affleck's AI Startup

Netflix(NFLX.US) is acquiring Ben Affleck's AI film startup for US$587 million. Read in detail>>

ServiceNow Expands AI Partnerships

ServiceNow, Inc.(NOW.US) is expanding its AI partnerships amid growing debate over the company's fair value, raising questions for investors. Read in detail>>

AI Stock Bubble Burst Warning

Investor Peter Schiff says the AI stock bubble has popped amid S&P Global's decline. Read in detail>>

Cramer Warns Against Overloaded Tech Bets

Jim Cramer warned investors may be "slaughtered" by overloaded tech portfolios, but backs NVIDIA Corporation(NVDA.US) and Intel Corporation(INTC.US), saying "it's time to go to other sectors." Read in detail>>

Citi Warns Stocks May Face More Unwinding.

Citigroup strategists say US stock index futures position rebalancing may still have room for further unwinding.

Dimon warns market underestimates risk

• Jpmorgan Chase(JPM.US) CEO says undervaluation risk stops him buying stocks or US Treasuries at current prices.
• Massive wave of cash-outs via share sales from shareholders and insiders pressures liquidity and levels, fueling bull run stability concerns.

UBS Recommends Buying Momentum Stocks

UBS Trading advises buying momentum stocks, as sell-off nears end, presenting opportunity to rebuild positions in AI and semiconductor stocks.

Tesla's Cybercab 'Irrelevant' For Now

Future Fund's Gary Black says Tesla Motors, Inc.(TSLA.US) Cybercab fleet milestone is "irrelevant" until it achieves full FSD unsupervised driving. He calls the fleet "just for show." Read in detail>>

Cloud Growth vs CapEx Costs

Google's (Alphabet Inc. Class A(GOOGL.US)) cloud accelerates but capital expenditure threatens profits; trade Q2 earnings cautiously. Read in detail>>

MSCI Posts Weaker Q4 Results

• MSCI Inc. Class A(MSCI.US) missed top-line and bottom-line estimates, updating its FY2026 outlook.
• MSCI Inc announced a US$2.05 per share dividend.

3M Beats Earnings Estimates

Non-GAAP EPS of US$2.40 beats by US$0.15, adj. revenue of US$6.5B beats by US$100M. 3M Company(MMM.US) reported strong quarterly results.

D.R. Horton Beats Earnings Estimates

• D.R. Horton, Inc.(DHI.US) posted US$3.20 GAAP EPS beating by US$0.21, and revenue of US$9.23B exceeding by US$60M.
• D.R. Horton declared a US$0.45 per share dividend.

General Motors Announces Dividend

General Motors Company(GM.US) declared a US$0.18 dividend per share.

United Community Banks Beat On Profit

United Community Banks, Inc.(UCB.US) reported US$0.95 GAAP EPS, beating by US$0.02, but revenue of US$279.28M missed by US$1.02M.