Stock Market Today: Dow Jones, Nasdaq 100 Futures Rise as Tech Stocks Lead the Rally

All right, we got green arrows across the board ahead of Tuesday's opening here today. S&P futures up by 0.41 percent, the Dow futures up by 0.22 percent, and the Nasdaq leading the way higher positive by 1.31 percent. Let's take a look at some cues from last session as well as what we have on deck here for today. It just started for today's session. Healthcare, materials, and industrials led broad-based losses across the S&P 500 on Monday, while communication services and energy stocks bucked the overall trend to close higher. U.S. stock futures advanced on Tuesday as the Dow, Nasdaq, and S&P indices rose following Monday's lower close. The gains were led by a tech rally as Invesco PHLX Semiconductor ETF, or the SOXQ as the ticker S-O-X-Q, an ETF directly designed to track the performance of the PHLX Semiconductor Index. It jumped by 4.2 percent in pre-market trading. Its top components are Nvidia, ticker NVDA, Micron, ticker MU, Broadcom, ticker AVGO, were also trading higher before the opening bell on Tuesday. Meanwhile, Yemen's Iran-aligned Houthis announced a naval blockade on Saudi Arabia on Monday, threatening to open a new front in the U.S.-Iran conflict and further endangering global trade and energy supplies beyond the Persian Gulf. Additionally, at President Trump's direction, U.S. forces carried out a new round of strikes against Iranian military targets to degrade Iran's ability to threaten commercial shipping. The 10-year Treasury bond yielded 4.59 percent and the two-year bond was at 4.2 percent. The CME Group's FedWatch tool projections show that the markets are pricing an 83.4 percent likelihood of the Federal Reserve leaving the current interest rates unchanged during the July meeting. Now, we've got several stocks in focus here for you today. The first one is going to be Cracker Barrel Old Country Store, ticker on this one is CBRL. It was 2.34 percent higher in the pre-market on Tuesday after it announced the completion of a sale-leaseback deal for 26 company-owned store locations with an institutional real estate investor netting roughly $77 million in proceeds. It said comparable store restaurant sales decreased approximately 2.5 percent and comparable store retail sales increased approximately half a percent over the first 11 weeks of the fiscal fourth quarter. The next stock on our list is going to be Steel Dynamics, ticker is STLD, and it was 1.9 percent lower after reporting mixed results for the second quarter. Its earnings of $3.69 per share, which missed the consensus estimate of $3.77 per share, and put up sales of $6.092 billion, which beat the consensus of $5.57 billion. The next stock on our list is going to be Nebius Group, ticker is NBIS. It jumped 7.6 percent as Nvidia revealed that it beneficially owns over a 9 percent stake of 22.25 million Class A ordinary shares of Nebius, and that's according to a new filing that came out on Monday. The next stock on our list is going to be Archer Aviation, and the ticker is ACHR. It rose 2.07 percent as the company unveiled its autonomous aircraft with called Thunder. The next stock, and actually the final stock on our list here today, is going to be IREN, ticker IREN, and it was up 4.6 percent as it signed a $2.8 billion deal worth of cloud service contracts with multiple AI developers, and also raised its year-end annualized run rate revenue target for AI cloud businesses to $4 billion, which is up from $3.7 billion previously.