US equity futures were cautiously higher pre-bell Tuesday as traders followed a fresh batch of updates from Corporate America.

Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.3%, and Nasdaq futures were 0.4% higher.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.8% at $68.22 per barrel and US West Texas Intermediate crude 1% lower at $65.66 per barrel.

On the earnings front, Caterpillar (CAT) reported pre-bell lower Q2 adjusted earnings and revenue. Pfizer (PFE) reported higher Q2 adjusted earnings and revenue and lifted its 2025 earnings guidance. Meanwhile, Advanced Micro Devices (AMD) will also report after the closing bell.

The international trade bulletin, scheduled for release at 8:30 am ET, is expected to show trade deficit narrowed to $62.6 billion for June from $71.5 billion in the prior month, according to estimates compiled by Bloomberg.

The Institute for Supply Management's services index, due at 10 am ET, is seen coming in at 51.5 for July versus 50.8 in June.