U.S. stock index futures were pointing in different directions Tuesday morning, as market participants digest another busy day of corporate earnings and fresh data releases.
Futures for the Dow Jones Industrial Average jumped 65 points, or 0.2%, to 26,613
Futures for the S&P 500 picked up 0.25 points at 2,943.25
NASDAQ futures lost 13.75 points, or 0.2%, to 7,800
McDonald's posted quarterly earnings and revenue that topped analysts' expectations. Same-store sales grew 5.4% in the first quarter, more than the 3.4% increase analysts expected. The burger chain's stock rose more than 3% in premarket trading.
General Electric reported better-than-expected first-quarter earnings Tuesday, sending its shares up as much as 10% in pre-market trading.
The company posted earnings of 13 cents a shares, above Wall Street consensus of nine cents a share. Revenue also came above expectations.
But Alphabet's earnings disappointed, pushing the stock down more than 7% in pre-market trading. Google's parent reported revenue of $36.34 billion in the first quarter, versus $37.33 billion expected. The weaker revenue was driven by the decelerating ad sales growth at Google.
Merck and Pfizer both released earnings beats on Tuesday. Apple will update investors after the bell.
On the data front, there will be an employment costs index out early this morning, while pending home sales and consumer confidence numbers are due at 10:00 a.m. ET.
The Federal Reserve is also starting its two-day policy meeting Tuesday. Money managers will be looking for clues on the central bank's plan for its balance sheet moving forward.
Overseas, in Hong Kong, the Hang Seng Index slipped 0.7%, while markets in Japan were on holiday for the rest of the week.
Oil prices gained 94 cents to $64.44 U.S. a barrel.
Gold prices hiked $5.30 to $1,286.80 U.S. an ounce.