Stock futures fell Tuesday as investors looked ahead to big technology earnings for further clues into the health of the U.S. economy.
Futures for the Dow Jones Industrials dropped 96 points, or 0.3%, to 31,450.
Futures for the S&P 500 lost 7.75 points, or 0.2%, to 3,801.50.
Futures for the NASDAQ Composite forged ahead 3.25 points to 11,482.
Shares of Amazon slipped slightly in premarket trading on reports of a hiring freeze, while Discover Financial shed more than 1% on disappointing earnings results.
Investors this week remain laser-focused on earnings from the biggest technology companies, with reports from Alphabet and Microsoft due Tuesday. Meta Platforms reports Wednesday, followed by Amazon and Apple on Thursday. Given their sheer size and market capitalization, any moves are likely to drive the market going forward.
UPS, GE, Coca-Cola all reported earnings before the bell Tuesday. Chipotle Mexican Grill and Texas Instruments will report after the Tuesday close.
So far this season, companies have proven they may be faring better than anticipated. That's due in part to the fact that analysts' earnings estimates have come down in recent months as companies faced foreign exchange headwinds and other growth concerns. This could set up stocks for rallies on potentially better-than-feared outcomes.
On the economic data front, S&P/Case-Shiller August home prices, FHFA August home prices and October consumer confidence are slated for release Tuesday.
In Japan, the Nikkei 225 vaulted 1% Tuesday, while in Hong Kong, the Hang Seng Index dipped 0.1%.
Oil prices skidded $1.01 to $83.57 U.S. a barrel.
Gold prices dulled $5.40 to $1,648.70 U.S. an ounce.