S&P 500 futures and Nasdaq 100 futures both declined by 0.3%.

S&P 500 futures and Nasdaq 100 futures both declined by 0.3%. Johnson & Johnson's stock rose over 1% before the market opened due to better-than-expected earnings and revenue in the third quarter, driven by strong medical technology and pharmaceutical sales. Bank of America also exceeded analyst expectations, leading to a 1% increase in premarket trading.

Several financial companies, such as Charles Schwab on Monday and JPMorgan Chase on Friday, kicked off the earnings season with strong results, which has positively impacted market sentiment amid concerns about the Israel-Hamas conflict. There are worries that tensions in the Middle East could affect major oil-producing countries, notably Iran.

Aside from earnings reports on Tuesday, Wall Street will be monitoring fresh economic data, including the release of retail sales and industrial production data for September before the market opens. Additionally, the housing market index and business leaders survey numbers for October are scheduled to be announced on Tuesday morning.

On a daily basis. A descending triangle is forming. The resistance level of 15,300, where the median line of the long bullish channel and the downtrend line coincide played as expected a solid level of resistance and price coming back. Next support level at 14850 and 14450.