US equity markets were pointing higher before the opening bell Tuesday as traders focus on the highly anticipated presidential elections.

Standard & Poor's 500 rose 0.3%, the Dow Jones Industrial Average increased 0.2% and the Nasdaq added 0.4% in premarket activity. The majority of Asian exchanges were tracking in the green, while European bourses were heading north midday on the continent.

Shares of Palantir Technologies (PLTR) jumped 14% pre-bell as the software maker reported better-than-expected third-quarter results. Boeing (BA) gained nearly 2% as striking union workers voted to accept the plane manufacturer's latest labor deal. Dollar Tree (DLTR) advanced 3.8% after Rick Dreiling stepped down as chairman and chief executive of the discount retailer, effective Nov. 3.

Ferrari (RACE), Apollo Global Management (APO), Emerson Electric (EMR), Cummins (CMI), Yum! Brands (YUM), DuPont de Nemours (DD), Restaurant Brands International (QSR), Archer-Daniels-Midland (ADM), Fortis (FTS) and Henry Schein (HSIC) report their latest financial results before the bell, among others.

Coupang (CPNG), Microchip Technology (MCHP), Devon Energy (DVN) and Frontier Communications Parent (FYBR) post earnings after the markets close.

On the economic calendar, the international trade in goods and services report for September is out at 8:30 am ET, followed by the ISM Services index for October at 10 am.

Before the opening bell, bitcoin increased 1.9% to $68,780, West Texas Intermediate crude oil inclined 0.4% to $71.74 a barrel, yields on 10-year Treasuries inched 0.4 basis points higher to 4.31% and gold ticked up 0.1% to $2,750 an ounce.