Stock market today: Dow, S&P 500, Nasdaq futures inch higher to start busy week of Big Tech-dominated earnings
Contracts on the S&P 500 (ES=F) and on the tech-heavy Nasdaq 100 (NQ=F) both gained about 0.3% following last week's record-setting rally in growth names. Dow Jones Industrial Average futures (YM=F) were up around 0.2% after the blue-chip benchmark finished slightly negative.
This week sees investor focus dominated by two topics: Clarity on US trade policy as the implementation of tariffs looms, and earnings from tech heavyweights as Wall Street eyes record-high market valuations.
On the trade front, the EU is said to be stepping up the scope of its retaliation if it fails to strike a trade pact with the US. The bloc is open to an unbalanced deal to break a talks deadlock before the Aug. 1 implementation of Trump's tariffs, per Bloomberg. But Trump's increasingly hardline stance and EU member opposition to concessions are denting hopes for an agreement.
Read more: The latest on Trump's tariffs
At the weekend, Commerce Secretary Howard Lutnick reaffirmed the White House's August deadline for new tariffs, calling it a "hard stop" for compliance — before saying that he's looking at continued conversation beyond that date.
Meanwhile, Domino's Pizza (DPZ) second quarter sales beat estimates as new products drew buyers, helping offset the impact of tariff uncertainty. Reports from Verizon Communications (VZ) and Cleveland-Cliffs (CLF) are among other highlights on Monday's docket.
Earnings season shifts into high gear this week with Alphabet (GOOG) and Tesla (TSLA) set to release updates on Wednesday — the first of the "Magnificent Seven" to report for the second quarter. Strong results could validate stretched valuations as the market's focus on AI growth is beginning to attract comparisons to historic tech bubbles.
Read more: Full earnings coverage in our live blog
Of the 59 S&P 500 companies that have already released results, 86% have outpaced Wall Street consensus estimates. That is a historically strong beat rate, albeit off modest expectations.
Opendoor explodes higher, extending retail frenzy
Opendoor (OPEN) stock rose another 28% in premarket trading Monday after it exploded 188% last week.
Retail investors have piled into the stock, cementing its meme status, after EMJ Capital principal and Carvana (CVNA) spotter Eric Jackson posted a bull thesis on X.
Opendoor stock had fallen to penny stock status after reaching a high of $39.24 in February 2021, Yahoo Finance's Jake Conley reported. Now it's trading around $2.87 as posts on the meme-stock Reddit forum r/WallStreetBets fuel gains.
Domino's Pizza posts Q2 sales beat, but profit falls short
Shares of Domino's Pizza popped about 3% in premarket trade on the heels of its second quarter results as Wall Street weighed upbeat sales against disappointing earnings per share.
Reuters reports:
Read more here.
Block stock jumps after its inclusion in the S&P 500
Shares in Block (XYZ) surged over 9% in premarket trading after the payments company was added to the benchmark S&P 500 — reaching a new milestone for the fintech sector.
Reuters reports:
Read more here.
Stellantis warns of $2.7B loss for 1H amid tariff headwinds
Big Three automaker Stellantis (STLA) warned on Monday that it expects a 2.3 billion euro ($2.7 billion) net loss for the first half of 2025, hit by restructuring costs, ebbing sales, and an initial hit from US tariffs.
The Chrysler maker's US-listed shares slipped nearly 2% in premarket, mirroring a drop in its stock in Milan.
Reuters reports:
Read more here.
TSMC rides AI wave over trillion-dollar crest
Taiwan Semiconductor Manufacturing Co.'s market value has pushed over $1 trillion for the first time in the company's history. The chip-manufacturing giant has seen its stock price double in the past year, reaching an all-time high Friday.
Bloomberg reports:
The main supplier of chips to Apple Inc. (AAPL) and Nvidia Corp. (NVDA) saw it shares climb to a record high on Friday, a near 50% rise from an April low. The company's market capitalization now rivals that of Berkshire Hathaway Inc., with further gains potentially putting it among the world's 10 biggest companies by value.
TSMC's stock surge reflected growing investor confidence that the world's top chipmaker will ride the AI boom to even greater dominance. The company raised its full-year revenue growth forecast to about 30% last week, signaling TSMC may benefit in a tightening race for AI manufacturing capacity.
'We think that TSMC's tone towards advanced node demand is even more positive with AI customers showing no signs of demand slowdown,' wrote Goldman Sachs Group Inc. analysts including Bruce Lu after TSMC's quarterly earnings. 'We expect to see a higher magnitude of price hike in 2026.'
Read more here.
Oil prices hold steady with Russia sanctions in focus
Oil prices remained little changed overnight Sunday with geopolitical tensions impacting supply concerns. Russia is facing sanctions on oil production as a result of the countries war with Ukraine.
Reuters reports:
Read more here.
Opendoor explodes higher, extending retail frenzy
Opendoor (OPEN) stock rose another 28% in premarket trading Monday after it exploded 188% last week.
Retail investors have piled into the stock, cementing its meme status, after EMJ Capital principal and Carvana (CVNA) spotter Eric Jackson posted a bull thesis on X.
Opendoor stock had fallen to penny stock status after reaching a high of $39.24 in February 2021, Yahoo Finance's Jake Conley reported. Now it's trading around $2.87 as posts on the meme-stock Reddit forum r/WallStreetBets fuel gains.
Opendoor (OPEN) stock rose another 28% in premarket trading Monday after it exploded 188% last week.
Retail investors have piled into the stock, cementing its meme status, after EMJ Capital principal and Carvana (CVNA) spotter Eric Jackson posted a bull thesis on X.
Opendoor stock had fallen to penny stock status after reaching a high of $39.24 in February 2021, Yahoo Finance's Jake Conley reported. Now it's trading around $2.87 as posts on the meme-stock Reddit forum r/WallStreetBets fuel gains.
Domino's Pizza posts Q2 sales beat, but profit falls short
Shares of Domino's Pizza popped about 3% in premarket trade on the heels of its second quarter results as Wall Street weighed upbeat sales against disappointing earnings per share.
Reuters reports:
Read more here.
Shares of Domino's Pizza popped about 3% in premarket trade on the heels of its second quarter results as Wall Street weighed upbeat sales against disappointing earnings per share.
Reuters reports:
Read more here.
Block stock jumps after its inclusion in the S&P 500
Shares in Block (XYZ) surged over 9% in premarket trading after the payments company was added to the benchmark S&P 500 — reaching a new milestone for the fintech sector.
Reuters reports:
Read more here.
Shares in Block (XYZ) surged over 9% in premarket trading after the payments company was added to the benchmark S&P 500 — reaching a new milestone for the fintech sector.
Reuters reports:
Read more here.
Stellantis warns of $2.7B loss for 1H amid tariff headwinds
Big Three automaker Stellantis (STLA) warned on Monday that it expects a 2.3 billion euro ($2.7 billion) net loss for the first half of 2025, hit by restructuring costs, ebbing sales, and an initial hit from US tariffs.
The Chrysler maker's US-listed shares slipped nearly 2% in premarket, mirroring a drop in its stock in Milan.
Reuters reports:
Read more here.
Big Three automaker Stellantis (STLA) warned on Monday that it expects a 2.3 billion euro ($2.7 billion) net loss for the first half of 2025, hit by restructuring costs, ebbing sales, and an initial hit from US tariffs.
The Chrysler maker's US-listed shares slipped nearly 2% in premarket, mirroring a drop in its stock in Milan.
Reuters reports:
Read more here.
TSMC rides AI wave over trillion-dollar crest
Taiwan Semiconductor Manufacturing Co.'s market value has pushed over $1 trillion for the first time in the company's history. The chip-manufacturing giant has seen its stock price double in the past year, reaching an all-time high Friday.
Bloomberg reports:
The main supplier of chips to Apple Inc. (AAPL) and Nvidia Corp. (NVDA) saw it shares climb to a record high on Friday, a near 50% rise from an April low. The company's market capitalization now rivals that of Berkshire Hathaway Inc., with further gains potentially putting it among the world's 10 biggest companies by value.
TSMC's stock surge reflected growing investor confidence that the world's top chipmaker will ride the AI boom to even greater dominance. The company raised its full-year revenue growth forecast to about 30% last week, signaling TSMC may benefit in a tightening race for AI manufacturing capacity.
'We think that TSMC's tone towards advanced node demand is even more positive with AI customers showing no signs of demand slowdown,' wrote Goldman Sachs Group Inc. analysts including Bruce Lu after TSMC's quarterly earnings. 'We expect to see a higher magnitude of price hike in 2026.'
Read more here.
Taiwan Semiconductor Manufacturing Co.'s market value has pushed over $1 trillion for the first time in the company's history. The chip-manufacturing giant has seen its stock price double in the past year, reaching an all-time high Friday.
Bloomberg reports:
The main supplier of chips to Apple Inc. (AAPL) and Nvidia Corp. (NVDA) saw it shares climb to a record high on Friday, a near 50% rise from an April low. The company's market capitalization now rivals that of Berkshire Hathaway Inc., with further gains potentially putting it among the world's 10 biggest companies by value.
TSMC's stock surge reflected growing investor confidence that the world's top chipmaker will ride the AI boom to even greater dominance. The company raised its full-year revenue growth forecast to about 30% last week, signaling TSMC may benefit in a tightening race for AI manufacturing capacity.
'We think that TSMC's tone towards advanced node demand is even more positive with AI customers showing no signs of demand slowdown,' wrote Goldman Sachs Group Inc. analysts including Bruce Lu after TSMC's quarterly earnings. 'We expect to see a higher magnitude of price hike in 2026.'
Read more here.
Oil prices hold steady with Russia sanctions in focus
Oil prices remained little changed overnight Sunday with geopolitical tensions impacting supply concerns. Russia is facing sanctions on oil production as a result of the countries war with Ukraine.
Reuters reports:
Read more here.
Oil prices remained little changed overnight Sunday with geopolitical tensions impacting supply concerns. Russia is facing sanctions on oil production as a result of the countries war with Ukraine.
Reuters reports:
Read more here.
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