Stock futures are pointing to a higher open on Tuesday, putting major indexes on track to hit new record highs, as investors digest a slew of quarterly results from major companies.

The Dow Jones Industrial Average traded lower Monday afternoon, nearing the session low, as investors awaited Big Tech earnings, the Federal Reserve's interest rate decision, inflation and jobs reports due later this week.

The Dow Jones index rose Tuesday as the Fed's policy meeting started. Broadcom and Nvidia stock rallied to new highs.

Dow Jones Industrial Average trades at 44,901.92, approaching record territory. S&P 500 hits new highs amid Japan trade deal, strong earnings, and Fed stability.

The Dow Jones Industrial Average erased a small loss to trade near unchanged Monday morning, while the S&P 500 and Nasdaq Composite ticked higher to build on their record finishes from Friday. The Dow was up around 23 points,

Nike (NKE) stock is off to the races on Monday as the athletic brand surges over 4% in response to a bullish turn from JPMorgan. The venerated investment bank came out with a $93 price target on the down-on-its-luck footwear company.

Dow Jones is losing ground as traders take profits near historic highs. Nike, which is up by 3.8%, is the biggest gainer in the Dow Jones index today. The stock rallied as JP Morgan upgraded Nike from Neutral to Overweight.

Five Dogs of the Dow stocks are not only higher on the year but still offer big yields, a degree of safety from tariffs, and a long history of corporate success.

However, the Dow Jones is a relatively narrow financial index, meaning its performance may not be indicative of the overall stock market. So let's take a look at the broader S&P 500 (^GSPC 2.13%).

The US indices all look a bit tired at the moment, as the markets may be suffering the lack of interest that some times of year, like this one, can often be the case. The overall market continues to look strong,

Dow Jones futures rose modestly early Monday, along with S&P 500 futures and Nasdaq futures. The U.S. and European Union reached a trade deal Sunday while a China trade truce reportedly will be extended.