Stock futures are up Tuesday as oil prices slide and U.S.-Iran deal hopes boost sentiment, with the S&P 500 on track for a new record high. Caterpillar surged over 11% after beating estimates with an adjusted EPS of $8.17 on revenue of $20.54 billion, while its order backlog reached a record $72.1 billion driven by data center demand. DuPont fell over 6% despite beating Q2 estimates due to soft second-half guidance and Middle East challenges in its water business. Palantir, Merck and Pfizer all reported better-than-expected quarterly results, while JPMorgan downgraded Nike to sell citing an estimated $1 billion revenue drag from China.
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