U.S. stock futures hit record highs as investors digested Facebook earnings

U.S. stock futures hit record highs Tuesday as investors digested Facebook s quarterly results and looked forward to more tech earnings after the market close.

Dow Jones Industrial Average futures rose 101 points, or 0.28%, while S&P 500 futures and Nasdaq 100 futures rose 0.38% and 0.59%, respectively.

Facebook Inc. reported mixed quarterly results and guided current-quarter revenue below estimates, but shares rallied as investors put the whistleblower document dump in the rearview mirror. 3 M co. slashed its full-year earnings outlook amid concerns over higher input prices and supply chain disruptions. Both earnings and sales exceeded forecasts.

UPS Inc. hit a three-month high after its quarterly results beat on earnings and revenue as online shopping continued to fuel demand for package deliveries.

General Electric Co. profit and industrial free cash flow topped forecasts as revenue came up short. The conglomerate issued upbeat full-year earnings guidance.

Hasbro Inc. said supply chain bottlenecks cost the company $100 million in sales last quarter and warned about a further impact during the holiday season. Sales guidance for the upcoming fiscal year was ahead of expectations at the midpoint.

Moderna Inc. s COVID - 19 vaccine produced the desired immune responses in children ages 6 to 11 in a clinical trial, the company said. The company plans to submit the results to regulators in the U.S. Europe and elsewhere in an effort to gain authorization.

Tesla Inc. shares were in focus a day after the company topped a $1 trillion market capitalization for the first time.

Advanced Micro Devices Inc. Alphabet Inc. Microsoft Corp. Texas Instruments Inc. Twitter Inc. and Visa Inc. are among the companies reporting after the closing bell.

In commodities, West Texas Intermediate crude oil rose 24 cents to $84 a share while gold slid $1.70 to $1805.10 an ounce.

European bourses rallied across the board with Germany's FTSE 100 rising 0.63%, France's CAC 40 climbing 0.71% and Britain's DAX 30 rising 0.94%.

In Asia, Japan s Nikkei 225 jumped 1.77%, while China s Shanghai Composite Index and Hong Kong s Hang Seng Index declined 0.34% and 0.36%, respectively.