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Stock Market Today: US Futures Edge Higher As Investors Await Earnings From McDonald's, Uber And Walt Disney

08/06/25 2:53 AM

5:53 AM EDT, August 06, 2025 (Benzinga Newswire)

U.S. stock futures rose on Wednesday after ending lower on Tuesday. Futures of major benchmark indices were up.

President Donald Trump indicated the possibility of imposing tariffs on imported pharmaceuticals that could rise up to 250%, indicating the highest rate he has proposed so far.

He also indicated that levies on semiconductor imports would be announced within the next week.

Meanwhile, the 10-year Treasury bond yielded 4.24% and the two-year bond was at 3.74%. The CME Group's FedWatch tool‘s projections show markets pricing an 85.5% likelihood of the Federal Reserve cutting the current interest rates for the Sept. 17 decision.

Futures Change (+/-)
Dow Jones 0.38%
S&P 500 0.33%
Nasdaq 100 0.16%
Russell 2000 0.44%

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, rose in premarket on Wednesday. The SPY was up 0.37% at $630.30, while the QQQ advanced 0.19% to $561.35, according to Benzinga Pro data.

Cues From Last Session:

Materials and consumer discretionary stocks bucked the overall market trend, closing the session higher on Tuesday, while communication services, information technology, and utilities stocks recorded the biggest losses on the S&P 500.

U.S. stocks settled lower, with the Nasdaq Composite falling more than 100 points during the session, as most sectors closed on a negative note.

Palantir Technologies Inc. (NASDAQ:PLTR) delivered a standout performance, with the artificial intelligence-driven software company’s stock climbing around 8% after it exceeded Wall Street's revenue and earnings forecasts.

Pfizer Inc. (NYSE:PFE) also reported better-than-expected second-quarter results and raised its FY 2025 adjusted EPS guidance above estimates. In contrast, shares of Inspire Medical Systems Inc. (NYSE:INSP) dipped more than 32% after the company reported worse-than-expected second-quarter GAAP EPS and cut its FY25 guidance below estimates, leading to multiple analyst do

Dow Futures Rise After Trump Strikes EU Deal -- WSJ

07/28/25 2:45 AM

Investors are cheering President Trump's trade deal with the European Union.

Futures pointed to opening gains for U.S. indexes, while chip stocks led European markets higher. The dollar strengthened, including against the euro, in another sign of relief.

The deal removes a major risk for investors: that two of the biggest economic powers could descend into a trade war when Trump's Aug. 1 tariff deadline expires. Markets rallied last week after reports suggested an agreement was close, muting Monday's moves.

The EU deal came soon after Trump's accord with Japan, another of America's major trading partners. The dealmaking suggests the president isn't pursuing an all-out trade war, as investors feared when he announced his "Liberation Day" tariffs in April.

Since then, markets have roared back so fast that some money managers have a new concern--that a market bubble is forming.

Major trading partners, including Canada and Mexico, have yet to strike deals, and negotiations continue with China. Secretary Scott Bessent is due to hold talks with Chinese officials in Sweden on Monday. Bessent has said he plans to work on an extension of a tariff truce set to expire on Aug. 12.

Some details of the U.S.-EU deal remain unknown. Trump said the U.S. would charge 15% on most European goods, and that the bloc had agreed to buy $750 billion of American energy products and invest $600 billion more in the U.S.

In recent trading:

--Futures for the S&P 500, Nasdaq-100 and Dow industrials advanced. The S&P ended last week with its fifth straight record close, its longest such streak in over a year.

--The dollar rose against a basket of 16 currencies.

--Energy exporters, including EQT and Cheniere Energy, gained in premarket trading.

--U.S. defense stocks rose premarket, while their European peers slipped. Trump said the EU had agreed to buy large quantities of military equipment.

--Dutch chip-equipment company ASML boosted the Stoxx Europe 600. The EU's Ursula von der Leyen said semiconductors would be subject to the baseline 15% tariff, rather than a higher levy.

Inflation Heated Up to 2.7% in June, in Line With Expectations -- 2nd Update

Inflation picked up in June, a potential sign that companies are starting to pass tariff costs on to consumers.

Consumer prices rose 2.7% in June from a year earlier, the Labor Department said Tuesday, faster than May's increase of 2.4%.

That was in line with the expectations of economists surveyed by The Wall Street Journal.

Core inflation excluding volatile food and energy prices was 2.9%, also in line with forecasts.

Prices of household furnishings and supplies rose by 1% in June compared with May, prices of video and audio products rose 1.1%, toy prices rose 1.8% and apparel prices rose 0.4%. All four categories tend to be sensitive to tariffs. At the same time, prices of new cars fell 0.3%.

Month over month, consumer prices rose 0.3% in June compared with May, as economists had expected. Core prices rose by 0.2%, slightly less than the 0.3% increase economists had predicted.

Stock futures rose slightly after the report.

The Trump administration has been ramping up tariff threats against the biggest U.S. trade partners in recent days. On Saturday, President Trump said the U.S. would start charging 30% levies on goods from Mexico and the European Union starting Aug. 1. On Monday, Trump threatened 100% "secondary tariffs" on Russia if it didn't reach a peace deal with Ukraine.

While these announcements were too recent to have an impact on June inflation, the continued trade uncertainty could affect future prices.

Economists generally agree that tariffs raise prices and hurt economic growth but disagree over how big the impact of the White House tariffs will be, or when any price increases might start to show up. Many companies rushed to fill up their inventories by buying goods before tariffs took effect, making it easier for them to hold off on price increases in the spring.

Goldman Sachs economists estimate that U.S. consumers will end up paying 70% of tariffs' direct costs. Walmart said in May that it would be forced to raise prices in response to tariffs. Clothing brand Ralph Lauren has also said it was considering price increases.

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