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 * The dollar index was down marginally at $97.88, its highest level
since April on firming expectation of a U.S. interest rate hike
later in the year.
* A fall in commodities capped gains on Monday with gold and other
precious metals trading near five-year lows.
* Oil prices continued their downward spiral with U.S. crude oil
falling below $50 earlier on Tuesday.
* Tech giants such as Yahoo, Microsoft and Apple are scheduled to
report results after the closing. Strong earnings from technology
companies have been driving gains in the Nasdaq.
* On Friday, the Nasdaq composite touched a new intra-day high for
the third straight day while the S&P 500 was just shy of its
all-time high.
* While markets are at record highs, June-quarter earnings of S&P
500 companies are expected to dip 2.1 percent, with revenue dropping
2.1 percent, according to Thomson Reuters data.
* Of the companies that have reported earnings so far, 70 percent
have reported earnings above analyst expectations, above the 63
percent average beat rate since 1994.
* However, 55 percent have topped revenue forecasts, below the 61
percent average beat rate since 2002. U.S. companies were expected
to post their worst sales decline in nearly six years in the second
quarter, in part due to the strong dollar that reduces the value of
U.S. companies' overseas income.
* International Business Machines Corp's shares fell 5 percent to
$164.46 in premarket trading, a day after the company's revenue fell
for the 13th consecutive quarter.
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* Qualcomm was up 3.1 percent to $65.78 after a tech website said
the chipmaker is preparing to lay off several thousand employees, or
more than 10 percent of its 30,000-strong workforce.
* United Technologies fell 2.2 percent to $108.01 after the company
cut its full-year profit outlook as it warned of pressures in its
aerospace systems and Otis elevators businesses.
Futures snapshot at 7:17 a.m. ET (1117 GMT):
* S&P 500 e-minis remained unchanged, with 52,605 contracts traded.
* Nasdaq 100 e-minis were up 6.75 points, or 0.14 percent, on volume
of 10,143 contracts.
* Dow e-minis were down 15 points, or 0.08 percent, with 7,261
contracts changing hands.
(Editing by Don Sebastian)
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