Wall Street futures pointed to a higher open on Tuesday, supported by ongoing optimism over potential Federal Reserve interest rate cuts, while investors assessed a fresh batch of corporate earnings.

Helped by higher advertising and a growing user base on its social media platforms, Meta earned $18.34 billion in the quarter, a 36% increase over the same quarter a year ago. Revenue jumped 22%.

The stock market ticked higher on Tuesday as talks around rate cuts continued to be in focus after last week's labor data. S&P 500 (SP500) +0.1%, the Dow (DJI) +0.1%, and the Nasdaq Composite (COMP:IND) +0.