Stock futures wavered between slight gains and losses Tuesday morning as investors reacted to quarterly results from a slew of major companies.

That helped to offset big gains for some homebuilders after they reported stronger profits for the spring than Wall Street had forecast. D.R. Horton rallied 14.5%, and PulteGroup rose 9.2%. That was even as both companies said homebuyers are continuing to deal with challenging conditions, including higher mortgage rates and an uncertain economy.

The Nasdaq Composite posted its latest record finish on Tuesday, supported by a jump in shares of heavyweight Nvidia, but the other Wall Street benchmarks dropped as a key inflation report and a flurry of bank earnings failed to excite investors.

Verizon Communications helped lead the way and rose 3.3%. The telecom reported a stronger profit for the latest quarter than analysts expected, along with higher revenue than forecast. Following the strong performance,

Wall Street was poised to open with gains Monday ahead of a busy week of corporate earnings reports. Futures for the S&P 500, the Dow Jones Industrial Average and Nasdaq were all up more than 0.2% before the bell.