LIVE: Wall Street futures open timid as Bitcoin clears $67K ahead of Tesla and Alphabet earnings

US equity futures showed little movement on Tuesday evening ahead of a busy day of earnings by two companies from the Mag 7. The futures tracking Dow Jones Index shed 16 points whereas S&P 500 and Nasdaq-100 were near the unchanged mark.

The performance of Asian markets was mixed. Among them, South Korea was an exception with both Kospi and Kosdaq advancing over 5% and 2%, respectively. Japan’s Nikkei 225 rose 0.34%, while the Topix showed almost no movement. Australia’s S&P/ASX 200 added 0.12%. Hong Kong’s Hang Seng fell 0.66%, while China’s CSI 300 advanced 0.15%.

The calm futures session followed a stronger day on Wall Street. The main US indexes ended a three-day slide after 3M and General Motors delivered results that came in ahead of expectations. Those reports gave investors some relief about the strength of large American companies.

There were also semiconductor-related equities that contributed to the gains seen on Tuesday. The VanEck Semiconductor ETF rose by 4%, with funds returning to firms associated with artificial intelligence.

Meanwhile, cryptocurrencies also rode the wave with bitcoin rising above 2% in price and crossing the $67,000 level on Coinbase.

The rally comes after comments from Treasury Secretary Scott Bessent, who said lawmakers were at the “1-yard line” on the Clarity Act. Scott called on Congress to approve the long-delayed crypto bill before lawmakers leave for recess.