Stocks Search for Direction as Earnings Optimism Competes With Rising Yields, Geopolitical Worries

Stock index futures are trading mixed early Tuesday amid earnings optimism and worries over rising bond yields and geopolitical tensions.

Several major indexes like the S&P 500 and Nasdaq fell to near two-month lows on Monday due to spike in bond yields and Middle East uncertainty.

UnitedHealth and some other health insurers are rising premarket after UnitedHealth’s positive earnings report, while some big tech names slide.

Analysts point to historical reversal patterns in sentiment following long streaks of closes below technical levels like 50-day moving averages.

Key economic data scheduled for Tuesday includes housing starts and industrial production reports; Fed Chair Powell and other Fed officials also set to speak.