The mood on Wall Street turned tentative on Tuesday as investors awaited earnings reports from the "Magnificent 7," companies that fueled much of the market's upside since 2023. Index futures rose slightly in early trading. Asian markets closed mostly higher, while European markets started on a firmer footing. Commodities pulled back, and bond yields held steady.

Earnings from several high-profile names could provide direction.Tesla, Inc.(NASDAQ:TSLA) shares rose modestly from their recent lows, ahead of the company's earnings due after the close. A positive earnings surprise or optimistic commentary could lift the stock and potentially the broader...