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Dow futures surge 100 points on better-than-expected earnings

Dow futures jumped on Tuesday, boosted by earnings reports that largely beat Wall Street expectations.

Caterpillar and United Technologies both posted bottom line results that topped estimates, sending futures for the 30-stock index higher by 100 points. The implied open on the Dow was also more than 130 points higher.

Caterpillar shares jumped more than 4 percent after the company's report was released. General Motors, McDonald's and Biogen also saw their shares climb after reporting quarterly results.

Google-parent Alphabet and 3M shares, however, slipped in the premarket despite topping Wall Street expectations.

S&P 500 futures also rose, trading 6.25 points higher. Nasdaq futures traded 2.5 points higher, but pointed to a...