Futures are pointing to a mixed open for major U.S. stock indexes on Tuesday as the S&P 500 aims to extend its winning streak to seven consecutive sessions.

US stocks managed to eke out gains on Monday as bond yields eased off bigger gains and Wall Street largely shrugged off Moody's downgrade of the US credit rating. Meanwhile, investors digested developments in President Trump's tariff salvos.

Wall Street's main indexes opened higher on Friday, building on this week's gains fueled by a U.S.-China tariff truce and tamer inflation data, while a vote on President Donald Trump's sweeping tax legislation was also in focus.

U.S. stocks rose again to close out their winning week. The S&P 500 climbed 0.7% Friday for a fifth straight gain and pulled within 3% of its record set in February.

The Standard and Poor’s 500 index rose 0.4%, enough to extend its winning streak to a fourth day and to pull within 3.7% of its all-time high set earlier this year. The Dow Jones industrial average added 0.6%, and the Nasdaq composite slipped 0.2%.

This rare de-escalation in the ongoing U.S.-China trade conflict and cooler inflation marked a welcome shift in tone and gave global markets room to breathe.

The Dow and S&P 500 finished the week in positive territory for 2025 after tariff de-escalation and President Trump’s Middle East tour ignited investor optimism.

News Corp beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by growth in its Dow Jones business and online real estate services, sending its shares up about 3% in extended trading.

Eastern time, the S&P 500 was down 0.4%, the Dow Jones Industrial Average was down 0.2%, and the Nasdaq Composite was 0.5% lower.