1. Apple reports Q3 earnings after the closing bell
The iPhone maker is expected to report fiscal third quarter earnings of $1.81 a share, compared to $1.28 a share a year earlier. Revenue is projected to grow 32% to $49.3 billion. Apple shares (NASDAQ:AAPL) are up almost 20% since the start of the year.
2. U.S. earnings season gathers steam
Microsoft (NASDAQ:MSFT), Yahoo (NASDAQ:YHOO), Verizon (NYSE:VZ) and United Technologies (NYSE:UTX) are also due to report quarterly earnings on Tuesday.
Market players will also digest earning report from GoPro (NASDAQ:GPRO), Chipotle Mexican Grill (NYSE:CMG), Baker Hughes (NYSE:BHI), Bank of New York Mellon (NYSE:BK) and The Travelers Companies (NYSE:TRV) to name a few.
3. Gold consolidates near $1,100-level after Monday's rout
Gold futures for August delivery on the Comex division of the New York Mercantile Exchange delivery inched up 50 cents, or 0.05%, to trade at $1,107.40 a troy ounce during U.S. morning hours.
Prices of the precious metal have been under heavy selling pressure in recent weeks amid speculation the Federal Reserve will raise interest rates for the first time in eight years as early as September.
Gold, which yields nothing and costs money to hold, is seen as a less attractive investment during times of rising interest rates.
A day earlier, gold plunged to $1,080.00, a level not seen since February 2010, before recovering to close at $1,106.80, down $25.10, or 2.22%.
Gold suffered most of its losses on Monday in a matter of minutes during early morning hours in Asia, as a bout of technical selling kicked in after prices broke below key support levels, triggering fresh sell orders amid bearish chart signals.