U.S. stock futures were mixed on Tuesday, with the Dow Jones index rising while the Nasdaq 100 and S&P 500 indices fell, following a higher close on Monday. The market movement comes as investors digest new economic initiatives and corporate developments. The 10-year Treasury bond yielded 4.50%, and the two-year bond was at 4.13%. Markets are pricing a 74.9% likelihood of the Federal Reserve leaving interest rates unchanged during July's meeting.

Index Performance

Futures for major indices showed divergent movements ahead of the market open. The SPDR S&P 500 ETF Trust (NYSE: SPY) was down 0.15% at $750.19, while the Invesco QQQ Trust ETF (NASDAQ: QQQ) declined by 0.83% to $716.76.

Stocks in Focus

Several stocks are in focus ahead of the market open. Space Exploration Technologies Corp. (NASDAQ: SPCX) was 2.14% lower after it joined the Nasdaq 100 index just 15 days after its stock market debut. Rivian Automotive Inc. (NASDAQ: RIVN) dropped 7.70% as it announced an underwritten public offering of up to 75 million shares of common stock, despite reporting impressive second-quarter production and delivery figures. Micron Technology Inc. (NASDAQ: MU) tumbled by 5.37%, and Ford Motor Co. (NYSE: F) was down 0.072% after both companies announced a long-term Strategic Customer Agreement to expand production of automotive memory solutions. RxSight Inc. (NASDAQ: RXST) was 1.61% lower as it projected second-quarter revenue of $32 million to $34 million and FY2026 revenue of $140 million to $160 million. Penguin Solutions Inc. (NASDAQ: PENG) fell 1.80% ahead of its earnings report.

Cues From Last Session

Information technology and communication services stocks were among the top gainers, while health care, real estate, and utilities stocks recorded the biggest losses on Monday. U.S. stocks settled higher, with the Nasdaq Composite gaining more than 1% during the session.

Insights From Analysts

According to Dean Chen, the U.S. stock market and broader economy are entering a new phase defined by heightened "monetary policy uncertainty" as the Federal Reserve pivots toward a strict data-dependent approach. Chen expects increased market turbulence, warning that "policy uncertainty may drive higher volatility around inflation and employment releases." He also highlighted that "Middle East tensions return as oil markets balance geopolitical risks and stable supply," and international factors like Japan’s weak yen will keep "demand for U.S. dollar assets elevated."

Commodities, Crypto, and Global Markets

Crude oil futures were trading higher by 1.18% to hover around $69.36 per barrel. Gold Spot US Dollar fell 0.85% to hover around $4,129.55 per ounce. The U.S. Dollar Index spot was 0.04% higher at the 100.8960 level. Bitcoin (CRYPTO: BTC) was trading 0.30% higher at $63,027.20 per coin. Asian markets closed mostly lower on Tuesday, except India’s Nifty 50 index. European markets were mixed in early trade.