Stock futures inch higher after Dow reverses course to start a busy earnings week

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A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, July 13, 2022.
Brendan McDermid | Reuters

Stock futures were slightly higher on Tuesday morning after the Dow Jones Industrial Average slumped more than 200 points during Monday's session, reversing an earlier rally as earnings season continued in earnest.

Dow Jones Industrial Average futures rose by 39 points, or 0.13%. S&P 500 futures ticked up 0.21% and Nasdaq 100 futures rose 0.12%.

Shares of IBM fell more than 4% after hours when the original tech company lowered its forecast for cash flow, even while reporting earnings that beat Wall Street's earnings and revenue estimates.

Earlier, the Dow shed more than 200 points to end the day in the red, reversing a morning rally fueled by solid earnings reports from Goldman Sachs and Bank of America. Oil broke above $100 a barrel, and bitcoin surged to the highest levels seen since mid-June...

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