Stock market today: Dow, S&P 500, Nasdaq futures edge up as Trump-EU trade deal kicks off huge week in markets
Dow Jones Industrial Average futures (YM=F) were up about 0.1%, while S&P 500 futures (ES=F) gained 0.2%, but both were coming off earlier premarket highs. Nasdaq 100 futures (NQ=F) put on roughly 0.4%, after the three major indexes closed Friday with gains.
The US and EU have agreed on a framework deal to set Trump's tariffs on Europe's goods at a baseline 15%, compared with the 30% threatened. Trump called the pact 'the biggest of them all,' while von der Leyen said that "15% is not to be underestimated, but it is the best we could get."
The news eased fears of a harmful trade war and boosted market sentiment, putting stocks on track to resume a rally that saw the S&P 500 (^GSPC) notch its fifth all-time high in a row on Friday.
Read more: The latest on Trump's tariffs
At the same time, hopes are rising for a US-China deal. Officials are meeting for talks in Stockholm on Monday to tackle roadblocks and to extend the existing tariff truce by three months, media reports said. Beijing currently faces an Aug, 12 due date for higher US levies, while other countries race to beat Friday's deadline. Meanwhile, Trump has frozen US tech export curbs to help the talks and efforts to set up an in-person meeting with President Xi, per the Financial Times.
Investor eyes are now turning to a jam-packed week on Wall Street. Heavyweight earnings highlight the most intense stretch of the season, with more than 150 S&P 500 companies set to report. Meta Platforms (META) and Microsoft (MSFT) lead off Wednesday, followed by Amazon (AMZN) and Apple (AAPL) on Thursday.
Read more: Full earnings coverage in our live blog
Beyond earnings, the Fed begins its two-day policy meeting on Tuesday, with an interest-rate decision expected Wednesday afternoon. While the central bank is expected to keep rates at 4.25%-4.50%, the watch is on for signs that policymakers are warming to a rate cut in September.
It all comes alongside legal battles to open up the Fed's meetings to investor eyes, as well as Trump's general pressure on the central bank and Chair Jerome Powell.
On the data front, inflation and labor will be in the spotlight. The July reading of the personal consumption expenditures (PCE) index, the Fed's preferred inflation gauge, is forecast to show a modest monthly and annual uptick on its release on Thursday.
Also on deck: a flurry of jobs data. Tuesday's JOLTS update and Wednesday's ADP private payrolls print will set the stage for the crucial July jobs report on Friday.
How ethereum rose to become a mainstream cryptocurrency
The Ether Machine is preparing to go public after raising the equivalent of $1.5 billion, with its promise of offering the public a new way to access cryptocurrency yields. It's the latest sign of ethereum's move out of bitcoin's shadow and into mainstream adoption.
Yahoo Finance's Nina Moothedath reports:
Here's what to know about ethereum and what sets it apart from other blockchains.
ASML's stock is in focus after US/EU trade deal
Semiconductor play ASML (ASML, ASML.AS) getting a lot of mentions on the Street this morning as a winner from the US/EU trade deal.
Shares were up nearly 5% at one point in premarket trading. (I would note ASML just a week ago issued weak guidance that hammered the stock, so be mindful of that.)
Here's what JP Morgan had to say this morning:
Good morning. Here's what's happening today.
Economic data: Dallas Fed manufacturing activity (July)
Earnings: Tilray (TLRY), Waste Management (WM), Whirlpool (WHR)
Here are some of the biggest stories you may have missed overnight and early this morning:
Fed meeting, July jobs report and Big Tech earnings: Week ahead
Health insurers have a problem that's squeezing their earnings
Musk hails $16.5B Samsung deal to make Tesla's AI chips
Trump looms large over defiant Fed's meeting this week
Eyes on US-China talks after EU strikes 15% tariff deal
Oppenheimer lifts S&P 500 target to call third year of 20% gains
US LNG producers soar as EU agrees $250B in annual purchases
Japan: Only 2% of $550 billion US fund will be investment
Fed meeting, jobs report, Big Tech earnings — and Trump's deadline: What to watch this week
The impact of President Trump's policies on the economy is about to get a lot clearer.
Yahoo Finance's Josh Schafer takes a look at what to expect this week and why it matters:
Read more here.
Trending tickers: Nike, Samsung Electronics and US liquefied natural gas stocks
Here are some top stocks trending on Yahoo Finance in premarket trading:
Nike (NKE) shares were up over 3% before the bell on Monday after receiving an upgrade from JPMorgan (JPM), moving its rating from neutral to overweight and setting a new price target of $93, up from the previous $64.
Samsung Electronics (005930.KS) stock rose 6% after announcing that it had secured a 16.5 billion deal to make Tesla's next-generation AI chip.
Shares in US liquefied natural gas developers surged in premarket trading on Monday, after the European Union pledged to purchase $750 billion worth of the super-cooled fuel over the next three years as part of a sweeping trade pact. NextDecade (NEXT), Venture Global (VG), and Cheniere Energy (LNG)jumped between 7% and 8.8%.
Samsung to make AI chips for Tesla under $16.5 billion deal
Samsung Electronics (005930.KS, SSNLF) has landed a $16.5 billion deal to make Tesla's (TSLA) next-generation AI chip.
The agreement, which runs through the end of 2033, will see the South Korean company produce the AI6 semiconductor at an upcoming plant in Texas.
Shares of Tesla stepped up 1.5% in premarket trading, after its CEO Elon Musk confirmed on X that the EV maker had struck the multibillion-dollar deal. Meanwhile, Samsung's Seoul-traded stock rose almost 7% to its highest level since September.
'The strategic importance of this is hard to overstate,' Musk wrote. "The $16.5B number is just the bare minimum. Actual output is likely to be several times higher."
Bloomberg reports:
Read more here.
Oil rises with EU-US trade deal locked in
Oil prices eked out gains as the US and the EU finalized details of a trade deal ahead of Trump's Aug. 1 deadline.
Bloomberg reports:
Read more here.
European stock futures rise on US-EU trade deal announcement
Futures in European stock indexes saw positive bumps early morning Monday as the markets reacted to the announcement of a tariff deal between the US and the EU
Interest in individual stocks in carmakers, luxury goods makers, and alcohol conglomerates is rising ahead of the market open Monday with those industries the most impacted by the deal.
Bloomberg reports:
Read more here.
How ethereum rose to become a mainstream cryptocurrency
The Ether Machine is preparing to go public after raising the equivalent of $1.5 billion, with its promise of offering the public a new way to access cryptocurrency yields. It's the latest sign of ethereum's move out of bitcoin's shadow and into mainstream adoption.
Yahoo Finance's Nina Moothedath reports:
Here's what to know about ethereum and what sets it apart from other blockchains.
The Ether Machine is preparing to go public after raising the equivalent of $1.5 billion, with its promise of offering the public a new way to access cryptocurrency yields. It's the latest sign of ethereum's move out of bitcoin's shadow and into mainstream adoption.
Yahoo Finance's Nina Moothedath reports:
Here's what to know about ethereum and what sets it apart from other blockchains.
ASML's stock is in focus after US/EU trade deal
Semiconductor play ASML (ASML, ASML.AS) getting a lot of mentions on the Street this morning as a winner from the US/EU trade deal.
Shares were up nearly 5% at one point in premarket trading. (I would note ASML just a week ago issued weak guidance that hammered the stock, so be mindful of that.)
Here's what JP Morgan had to say this morning:
Semiconductor play ASML (ASML, ASML.AS) getting a lot of mentions on the Street this morning as a winner from the US/EU trade deal.
Shares were up nearly 5% at one point in premarket trading. (I would note ASML just a week ago issued weak guidance that hammered the stock, so be mindful of that.)
Here's what JP Morgan had to say this morning:
Good morning. Here's what's happening today.
Economic data: Dallas Fed manufacturing activity (July)
Earnings: Tilray (TLRY), Waste Management (WM), Whirlpool (WHR)
Here are some of the biggest stories you may have missed overnight and early this morning:
Fed meeting, July jobs report and Big Tech earnings: Week ahead
Health insurers have a problem that's squeezing their earnings
Musk hails $16.5B Samsung deal to make Tesla's AI chips
Trump looms large over defiant Fed's meeting this week
Eyes on US-China talks after EU strikes 15% tariff deal
Oppenheimer lifts S&P 500 target to call third year of 20% gains
US LNG producers soar as EU agrees $250B in annual purchases
Japan: Only 2% of $550 billion US fund will be investment
Economic data: Dallas Fed manufacturing activity (July)
Earnings: Tilray (TLRY), Waste Management (WM), Whirlpool (WHR)
Here are some of the biggest stories you may have missed overnight and early this morning:
Fed meeting, July jobs report and Big Tech earnings: Week ahead
Health insurers have a problem that's squeezing their earnings
Musk hails $16.5B Samsung deal to make Tesla's AI chips
Trump looms large over defiant Fed's meeting this week
Eyes on US-China talks after EU strikes 15% tariff deal
Oppenheimer lifts S&P 500 target to call third year of 20% gains
US LNG producers soar as EU agrees $250B in annual purchases
Japan: Only 2% of $550 billion US fund will be investment
Fed meeting, jobs report, Big Tech earnings — and Trump's deadline: What to watch this week
The impact of President Trump's policies on the economy is about to get a lot clearer.
Yahoo Finance's Josh Schafer takes a look at what to expect this week and why it matters:
Read more here.
The impact of President Trump's policies on the economy is about to get a lot clearer.
Yahoo Finance's Josh Schafer takes a look at what to expect this week and why it matters:
Read more here.
Trending tickers: Nike, Samsung Electronics and US liquefied natural gas stocks
Here are some top stocks trending on Yahoo Finance in premarket trading:
Nike (NKE) shares were up over 3% before the bell on Monday after receiving an upgrade from JPMorgan (JPM), moving its rating from neutral to overweight and setting a new price target of $93, up from the previous $64.
Samsung Electronics (005930.KS) stock rose 6% after announcing that it had secured a 16.5 billion deal to make Tesla's next-generation AI chip.
Shares in US liquefied natural gas developers surged in premarket trading on Monday, after the European Union pledged to purchase $750 billion worth of the super-cooled fuel over the next three years as part of a sweeping trade pact. NextDecade (NEXT), Venture Global (VG), and Cheniere Energy (LNG)jumped between 7% and 8.8%.
Here are some top stocks trending on Yahoo Finance in premarket trading:
Nike (NKE) shares were up over 3% before the bell on Monday after receiving an upgrade from JPMorgan (JPM), moving its rating from neutral to overweight and setting a new price target of $93, up from the previous $64.
Samsung Electronics (005930.KS) stock rose 6% after announcing that it had secured a 16.5 billion deal to make Tesla's next-generation AI chip.
Shares in US liquefied natural gas developers surged in premarket trading on Monday, after the European Union pledged to purchase $750 billion worth of the super-cooled fuel over the next three years as part of a sweeping trade pact. NextDecade (NEXT), Venture Global (VG), and Cheniere Energy (LNG)jumped between 7% and 8.8%.
Samsung to make AI chips for Tesla under $16.5 billion deal
Samsung Electronics (005930.KS, SSNLF) has landed a $16.5 billion deal to make Tesla's (TSLA) next-generation AI chip.
The agreement, which runs through the end of 2033, will see the South Korean company produce the AI6 semiconductor at an upcoming plant in Texas.
Shares of Tesla stepped up 1.5% in premarket trading, after its CEO Elon Musk confirmed on X that the EV maker had struck the multibillion-dollar deal. Meanwhile, Samsung's Seoul-traded stock rose almost 7% to its highest level since September.
'The strategic importance of this is hard to overstate,' Musk wrote. "The $16.5B number is just the bare minimum. Actual output is likely to be several times higher."
Bloomberg reports:
Read more here.
Samsung Electronics (005930.KS, SSNLF) has landed a $16.5 billion deal to make Tesla's (TSLA) next-generation AI chip.
The agreement, which runs through the end of 2033, will see the South Korean company produce the AI6 semiconductor at an upcoming plant in Texas.
Shares of Tesla stepped up 1.5% in premarket trading, after its CEO Elon Musk confirmed on X that the EV maker had struck the multibillion-dollar deal. Meanwhile, Samsung's Seoul-traded stock rose almost 7% to its highest level since September.
'The strategic importance of this is hard to overstate,' Musk wrote. "The $16.5B number is just the bare minimum. Actual output is likely to be several times higher."
Bloomberg reports:
Read more here.
Oil rises with EU-US trade deal locked in
Oil prices eked out gains as the US and the EU finalized details of a trade deal ahead of Trump's Aug. 1 deadline.
Bloomberg reports:
Read more here.
Oil prices eked out gains as the US and the EU finalized details of a trade deal ahead of Trump's Aug. 1 deadline.
Bloomberg reports:
Read more here.
European stock futures rise on US-EU trade deal announcement
Futures in European stock indexes saw positive bumps early morning Monday as the markets reacted to the announcement of a tariff deal between the US and the EU
Interest in individual stocks in carmakers, luxury goods makers, and alcohol conglomerates is rising ahead of the market open Monday with those industries the most impacted by the deal.
Bloomberg reports:
Read more here.
Futures in European stock indexes saw positive bumps early morning Monday as the markets reacted to the announcement of a tariff deal between the US and the EU
Interest in individual stocks in carmakers, luxury goods makers, and alcohol conglomerates is rising ahead of the market open Monday with those industries the most impacted by the deal.
Bloomberg reports:
Read more here.
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