Dow Futures indicate a positive trajectory in anticipation of a series of corporate earnings reports scheduled for this week. Elon Musk’s SpaceX and xAI have entered into a merger, resulting in a valuation of the combined entity exceeding $1 trillion. reports record quarterly revenue, resulting in a significant increase in a software stock that has faced challenges throughout the year during extended hours trading. Market sentiment is strengthened by a recovery following a significant selloff in bullion, while oil experiences a decline amid indications of reduced tensions between the U.S. and Iran.

On Tuesday, Dow Futures exhibited an upward trajectory as investors prepared for an influx of corporate earnings reports. By 02:33, the contract had increased by 34 points, or 0.1%, had risen by 19 points, or 0.3%, and had advanced by 143 points, or 0.6%. The primary indices experienced gains during a tumultuous session on Monday, as domestic equities were supported by a surge in shares of chipmakers linked to artificial intelligence. Alphabet, the parent company of Google, reached a new all-time high, whereas Amazon experienced a modest increase of 1.5%. Both tech giants are set to announce their quarterly earnings this week. Meanwhile, sentiment has been bolstered by President Donald Trump’s decision to reduce import tariffs on India to 18%. The tariffs were formerly the most elevated imposed on any trading partner of the United States. Later today, the House of Representatives in Washington is scheduled to vote on legislation aimed at concluding a partial government shutdown. The recent federal shutdown has resulted in the delay of the forthcoming monthly nonfarm payrolls report, originally scheduled for release on Friday. Nonetheless, recent data indicated that U.S. factory activity experienced expansion for the first time in a year last month.

SpaceX, led by Elon Musk, has successfully acquired xAI, resulting in a valuation of the combined entity at $1.25 trillion. The decision follows Musk’s ambitions, the tech magnate associated with electric vehicle manufacturer Tesla, as he seeks to establish supremacy across various sectors, including space exploration, artificial intelligence, and robotics. SpaceX, recognized for its reusable rockets and extensive satellite fleet, along with xAI — the firm responsible for the AI assistant Grok — represent two of the most monitored private enterprises globally. The highly awaited public offering of SpaceX may occur within this year, whereas xAI received a valuation of $230 billion during a fundraising round in January. According to Bloomberg News, citing sources with knowledge of the situation, the shares of the new firm are anticipated to be valued at $526.59 each.

In the realm of earnings, Palantir’s shares experienced an uptick during after-hours trading, although they subsequently retraced some of their earlier advancements. The data analytics group achieved a remarkable revenue of $1.41 billion in the final quarter of 2025, driven by heightened demand from government and corporate clients for its AI-enhanced tools. Revenue surged by 70% compared to the previous year, exceeding market’s forecasts. Net income of $609 million reached an unprecedented peak. Despite experiencing a surge in enthusiasm surrounding AI, Denver-based Palantir has seen its share price decline this year, indicative of a wider downturn in software stocks. The company’s collaboration with the Trump administration, particularly in supporting its immigration enforcement initiatives, has attracted significant scrutiny from both former employees and legislators alike. In other developments on the earnings calendar, pharmaceutical giant Pfizer is anticipated to disclose its financial results prior to the commencement of U.S. trading, whereas AI semiconductor firm Advanced Micro Devices is set to announce its earnings following the market’s close.

In commodities, gold prices experienced an uptick, as the yellow metal stabilized after two consecutive days of significant declines, alleviating investor concerns in the wake of pronounced volatility. Spot gold recently experienced a notable increase of 5.8%, reaching $4,931.60 per ounce, whereas gold futures for April saw a rise of 6.5%, climbing to $4,954.04 per ounce. Bullion experienced a decline, reaching a low of $4,400 per ounce on Monday, representing a decrease of nearly $1,200 per ounce from the record high achieved the previous week. Metals experienced significant pressure due to substantial profit-taking following President Trump’s nomination of former Federal Reserve governor Kevin Warsh as the next chairman of the central bank. The nomination has alleviated a significant source of uncertainty for investors, diminishing some demand for safe havens, and Warsh is perceived as a candidate who may adopt a less dovish stance than the markets had expected. Gold typically exhibits superior performance in an environment characterized by low interest rates. Notwithstanding the recent correction, analysts indicated in a note that the fundamental narrative surrounding gold remains intact. “The structural drivers — elevated geopolitical risk, macro uncertainty, diversification flows and ongoing central-bank buying — remain firmly in place,” the analysts noted. Away from gold, which experienced its most significant one-day decline ever on Friday, also surged.

Oil prices declined for a second consecutive day, as a reduction in U.S.-Iran tensions alleviated some of the risk premium associated with the crude market. dropped 0.6% to $65.91 a barrel, while U.S. West Texas Intermediate crude futures decreased by 0.5% to $61.80 a barrel. The benchmarks experienced a decline exceeding 4% in the prior session following President Trump’s remarks indicating that Iran was “seriously talking” with Washington, which suggests a potential easing of tensions with the OPEC member. Iran and the U.S. are anticipated to reconvene discussions regarding nuclear matters on Friday in Turkey, according to reports. Additionally, influencing prices, the U.S. dollar index remained close to its peak in over a week, impacting the demand for dollar-denominated crude from international purchasers.