BofA Securities analyst Brad Sills upgraded Shopify from Neutral to Buy on Tuesday and raised the price target from $78 to $82. Separately, Wolfe Research analyst Shweta Khajuria initiated coverage on Shopify with an Outperform rating and set a price target of $80.

PNC's Q2 results showed revenue increase of 2%, with net interest income down 6%. Company also engaged in Visa exchange program and increased dividend.

U.S. stocks are stubbornly holding onto their upward momentum, as evidenced by the gains for the index futures early Tuesday. The small-cap rally reflects market hopes that the Fed is getting closer to interest-rate cuts.

Bank of America Corp reports strong Q2 results, with net income of $6.9B and EPS of $0.83, beating analyst estimates. Revenue also surpassed expectations.