Wall Street was leaning toward modest gains early Tuesday as more companies report their latest earnings ahead of a planned meeting later this week between President Donald Trump and China’s top leader.

Futures for the S&P 500 ticked up less than 0.1% while futures for the Dow Jones Industrial Average rose 0.3%. Nasdaq futures were up 0.1% before the opening bell.

Shares of Amazon rose less than 1% after it announced that it was cutting about 14,000 corporate jobs . The online retail giant is ramping up spending on artificial intelligence aggressively attempting to cut costs elsewhere. CEO Andy Jassy said that he anticipated generative AI would reduce Amazon’s corporate workforce in the next few years.

UPS soared 12% after the package delivery company breezed past Wall Street's thir

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