US stock futures pointed to a mixed-to-lower open on Tuesday, with S&P 500 futures down 0.1% and Dow Jones futures sliding about 400 points, while Nasdaq 100 futures edged up 0.3%, suggesting a modest rebound after the index entered a technical correction. Investors remained cautious ahead of the midterm elections, as voters headed to the polls and traders held back from making substantial bets. Democrats are widely expected to take control of the House, while the outcome in the Senate remains much less certain.
Meanwhile, oil prices rebounded following reports that the US had struck Iran’s Qeshm Island. In premarket trading, Apple shares fell 3.9% after the company issued a weaker-than-expected margin outlook. Palantir Technologies dropped 3.8% despite reporting earnings that beat expectations, and Pfizer slipped 0.6% as its results failed to impress investors. On the upside, AMD climbed 2% and Super Micro Computer added 1.5%, with both companies scheduled to report earnings later in the day.