U.S. futures are trading higher this morning, following a rebound in Asian markets. The positive sentiment is driven by a drop in Brent crude oil prices below $90 amid Middle East mediation talks, which has eased inflation concerns and boosted technology stocks.
Stocks to Watch * 3M Company: Reported strong Q2 results with adjusted EPS up 11% and raised full-year guidance, signaling positive momentum. * The Charles Schwab Corporation: Achieved record Q2 revenue of $7.1 billion, up 21% year-over-year, and record GAAP EPS of $1.54, up 42%. * General Motors Company: Topped Q2 earnings expectations, indicating solid performance and potential market movement in the automotive sector. * NVIDIA Corporation: Gained 1.7% premarket after disclosing a 9.3% stake in AI cloud provider Nebius Group, highlighting AI sector influence.
Looking ahead, traders will continue to monitor geopolitical developments in the Middle East, as there are no major U.S. economic data releases scheduled for today.