U.S. stocks set to open higher as futures track upbeat earnings
Aug. 4 (Reuters) - U.S. main stock indexes were set to open higher on Tuesday after strong forecasts from Caterpillar and Palantir reassured investors about AI-driven demand, while hopes for an imminent deal to end the Middle East conflict sent crude prices lower.
Palantir Technologies Inc (PLTR.O): Jumps after raising annual revenue outlook on strong AI-powered software demand.
Snap Inc (SNAP.N): Rallies as robust ad sales lift quarterly revenue above estimates.
Powell Industries Inc (POWL.O): Tanks after Q3 revenue miss.
Caterpillar Inc (CAT.N): Rises after Q2 profit jumps.
McDonald's Corp (MCD.N): Gains as quarterly profit beats estimates.
Merck & Co Inc (MRK.N): Q2 revenue seen rising, deal to weigh on bottom line.
On Semiconductor Corp (ON.O): Gains as forecast tops estimates, Q2 beat.
Nike Inc (NKE.N): Loses ground after JPM warns reset efforts may weigh through FY28.
Archer-Daniels-Midland Co (ADM.N): Rises after raising annual profit outlook.
Prologis Inc (PLD.N): Slips after launching about $2 bln stock offering for Segro acquisition.
Meta Platforms Inc (META.O): Struggles to clear short-term technical ceiling.
IDEXX Laboratories Inc (IDXX.O): Rises after raising annual profit forecast.
Merck & Co Inc (MRK.N): Climbs on quarterly revenue beat.
Leidos Holdings Inc (LDOS.N): Gains after upbeat annual revenue forecast.
Marathon Petroleum Corp (MPC.N): Climbs as quarterly profit beat estimates.
Qnity Electronics Inc (Q.N): Jumps on annual forecasts raise.
Applied Optoelectronics Inc (AAOI.O), Lumentum Holdings Inc (LITE.O), Coherent Corp (COHR.N): US photonics firms jump after report the US is drafting a ban on Chinese data center products.
Lisata Therapeutics Inc (LSTA.O): Falls after merger collapse prompts deep job cuts.
Zebra Technologies Corp (ZBRA.O): Gains after annual forecast raise.
Bristol Myers Squibb Co (BMY.N): Poised to give up modest gains tied to AstraZeneca deal talks.
Fidelity National Information Services Inc (FIS.N): Tumbles after lower-than-expected Q3 revenue, profit forecasts.
Cummins Inc (CMI.N): Drops after second-quarter profit misses estimates.
Pfizer Inc (PFE.N): Edges up after better-than-expected quarterly results.
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