Stock futures sketched out tight gains early Tuesday, despite weakness across global markets and as mixed earnings news fueled early trade. UPS and NXP Semiconductors were early earnings winners. Tesla dragged lower after its report. Charles Schwab led the IBD 50 list, and chemicals maker Dow topped the Dow Jones today, both on analyst upgrades.
Nasdaq 100 and S&P 500 futures defended fractional gains. The Dow industrials struggled to remain above fair value as 3M (MMM) and Verizon (VZ) dragged in early trade. Futures for the Russell 2000 small cap gauge clung to a 0.2% advance.
At the top of the Nasdaq 100, NXP Semiconductors
) and fintech heavyweight Fiserv
) both rose about 1.5% on strong quarterly results. Tesla
) traded down 2.4%, despite topping analyst earnings projections and doubling its deliveries during the first quarter
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