Wall Street Awaits Earnings as Tariff Tensions Rise

Wall Street is poised for a strong opening on Tuesday as investors await earnings reports from major companies and the Federal Reserve's policy meeting. The S&P 500 and Nasdaq futures have risen due to anticipated positive results from tech giants like Apple and Microsoft.

The dollar index climbed amid shifts in short positions while 10-year Treasury yields edged up, with markets preparing for a likely steady interest rate decision by the Federal Reserve. Expectations are high for a 97% chance of maintaining rates at current levels, although concerns about inflation and potential dissent within the Fed persist.

Attention also turns to U.S. economic data, including GDP growth and job figures, which will further influence market trends. A recent U.S.-EU trade agreement has mitigated some tariff threats, yet President Trump's broader tariff discussions continue to weigh on global economic stability. Oil prices responded with volatility following threats of sanctions on Russia, further influencing market sentiment.

(With inputs from agencies.)