NEW YORK (CNNfn) - The Dow Jones industrial average gets another chance to confound logic Tuesday when investors respond to an earnings warning from component DuPont – a day after the blue-chip indicator rose despite a warning from 3M.
Early indications point to a modest advance at the open, with the Nasdaq-100 and Standard & Poor's futures slightly higher. The stock markets close at 1 p.m. ET and will be shut all day Wednesday to commemorate the 225th anniversary of U.S. independence.
DuPont (DD: Research, Estimates) became the most recent Dow industrial component to warn about results late Monday. The nation's biggest chemical maker said its second-quarter earnings will be between 35 cents and 45 cents a share, below average forecasts of 53 cents. DuPont shares fell 12 cents Monday to $48.12.
The warning comes a day after diversified manufacturer 3M (MMM: Research, Estimates) raised a red flag about its second-quarter results. But after an initial selloff, investors bought into 3M shares, which closed $3.16 higher at $117.26 and helped propel the Dow industrials up 91 points to 10,593.72, a gain of 0.9 percent.
The Nasdaq composite index starts at 2,148.72 after falling about 12 points, snapping a string of five straight winning sessions. The S&P 500 is at 1,236.72 following a 1 percent gain.
Asian markets closed mostly higher Tuesday. Weakness in technology issues hurt European stocks in early trading.
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Treasury prices were little changed in early trading. The 10-year note yield slipped to 5.34 percent from 5.35 percent late Monday, while the 30-year bond yield held at 5.70 percent.
The dollar lost ground against the yen and euro. Brent oil futures dropped 19 cents to $25.45 a barrel in London.
Besides DuPont and 3M, several other Dow components have news that could affect their shares Tuesday.
Two of those are General Electric (GE: up $1.20 to $50.20, Research, Estimates) and Honeywell International (HON: Research, Estimates). The doomed merger partners are expected to get the final word Tuesday from the European Commission that their proposed $41 billion deal has been rejected. GE shares rose $1.20 to $50.20 Monday, while Honeywell fell 79 cents to $34.11.
Meanwhile, IBM (IBM: Research, Estimates) 's Global Services consulting unit is laying off 1,000 workers, according to a report in Tuesday's Wall Street Journal. IBM shares rose $1.35 to $114.35.
On the economic front, the government reports on May factory orders a half-hour after Wall Street opens for business. Economists surveyed by Briefing.com expect a 1.5 percent increase after a 3 percent decline in April. 
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