Stocks mixed as investors digest gains and await results from big tech companies

Major U.S. indexes were mixed on Tuesday morning as investors digested a series of corporate earnings reports and awaited results from major technology companies later in the day.

The S&P 500 and Nasdaq Composite rose 0.1% and 0.4%, respectively, in recent trading, while the Dow Jones Industrial Average fell 0.1%. Major indexes closed higher on Monday as the Dow broke a five-day losing streak.

Shares of Dow subsidiary McDonald's (MCD) rose 0.5% after the fast-food chain's quarterly results beat expectations for revenue and profit, although same-store sales disappointed. Shares of Ford (F) fell 9% after the automaker late Monday reported a profit that missed expectations and cut its full-year outlook.

VF Corp. (VFC), owner of The North Face, Vans and Timberland brands, was the big winner in early trading, rising 23% after reporting its quarterly results.

Investors await earnings reports from Alphabet (GOOGL) and Advanced Micro Devices (AMD) after the closing bell, kicking off several days of earnings reports from tech giants like Apple (AAPL), Microsoft (MSFT), Amazon (AMZN) and Meta Platforms (META ) and Intel (INTC).

Large-cap technology stocks rose on Tuesday morning, with AI investor favorite Nvidia (NVDA), Apple, Microsoft, Alphabet, Amazon and Meta all gaining ground. Shares of Tesla (TSLA) fell about 1% as the electric vehicle maker fell for a second straight day after rising 25% in the final two days of last week following a strong earnings report.

Several economic indicators were on the calendar Tuesday, including readings on consumer confidence, job vacancies and home prices. The economic data calendar will also pick up significantly in the coming days with quarterly GDP figures, monthly inflation data and the labor market report for October. Investors are watching all data points closely, looking for signs that the economy remains on solid footing as well as information that could influence the Federal Reserve's upcoming interest rate decisions.

The 10-year Treasury yield, which correlates with interest rate expectations, rose again on Tuesday morning. The yield, which rose as market participants adjusted their forecasts about how aggressive the Fed will be in cutting interest rates, was 4.33% in last trading, compared with 4.28% yesterday.

Crude oil futures fell slightly this morning after plunging more than 5% on Monday as fears eased that the conflict in the Middle East could hit Iranian oil production.

Gold futures rose about 1% to $2,780 an ounce, trading at record levels again, while Bitcoin rose to nearly $72,000, hitting its highest level since early June.