Stocks are trading cautiously higher amid a pullback in the U.S. dollar and another slate of solid second quarter earnings Tuesday.

Stock futures higher as dollar retreats; IBM slumps as currency hit clouds Q2 earnings beat; Disney gathers record $9 billion in ad commitments; Twitter dips lower ahead of opening hearing in Musk takeover battle and Netflix earnings on deck as investor track subscriber exodus.

A warning that Apple plans to slow spending and hiring growth next year turned stocks lower Monday despite better-than-expected earnings from Goldman Sachs and a big aircraft sale from Boeing.

“We delivered solid results in the second quarter as clients turned to us for our expertise and execution in these challenging markets," said CEO David Solomon.

Stock futures extend gains as dollar retreats, Fed bets fade; Week Ahead: earnings in focus with Tesla, Netflix headlining; Twitter shares lower as musk seeks February trial to settler takeover battle; Google shares set for adjusted debut after 20-for-1 split and IBM earnings on deck with cloud growth in focus.

Mounting recession fears, surging inflation and a surprise profit slump from JPMorgan rattled Wall Street Thursday.

JPMorgan set aside more than $1 billion to cover potential bad loans as it posted softer-than-expected second quarter earnings and cautioned on "negative consequences" for the global economy.

'At current valuations, we think the market is overly pessimistic regarding the economic outlook,' Morningstar said.

Financial stocks have dropped, with the S&P 500 Financials Sector Index slumping 18% year to date.

Bloomberg reported late Wednesday that Apple is eyeing a September 7 launch date for its new iPhone 14 series.

Ryan Cohen, who pushed for changes at Bed, Bath & Beyond including the ouster of CEO Mark Tritton, is looking to dump his entire 11.8% stake in the struggling home retailer.

Stanley Druckenmiller, a former colleague of George Soros, bought and sold several stocks in the second quarter.