U.S. stock futures rose early Tuesday as the S&P 500 (SPX) and the Nasdaq Composite closed at a new high in the previous session. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 were up 0.25%, 0.18%, and 0.17%, respectively, at 4:19 a.m. EDT on July 29.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
In Monday’s trading session, the S&P 500 and the Nasdaq Composite hit new all-time intraday and closing highs, marking the S&P 500’s 15th record close of 2025. These gains were fueled by recent earnings results and international trade developments. Yesterday, the S&P 500 ended just above flat, the Dow slipped 0.1%, and the Nasdaq rose 0.3%.
Following the U.S.-EU trade deal announced yesterday, investors are now watching for any new agreements, particularly with countries like China, to be announced before Friday’s tariff deadline. On Monday, top U.S. and Chinese officials met in Stockholm for another round of trade talks.
Importantly, the market is in its busiest week of earnings season. Over 150 S&P 500 companies will report results, including four of the “Magnificent Seven” tech giants. Meta (META) and Microsoft (MSFT) report on Wednesday, followed by Amazon (AMZN) and Apple (AAPL) on Thursday.
Today, major firms like Boeing (BA), PayPal Holdings (PYPL), SoFi Technologies (SOFI), UnitedHealth (UNH), United Parcel (UPS), and Marathon Digital Holdings (MARA) will release their quarterly numbers.
Investors will watch closely for any comments on AI spending to see if this year’s big investments in cloud companies are paying off.
At the same time, tariffs and inflation will remain key focus points this week. The Fed will hold its two-day policy meeting, ending Wednesday. The central bank is expected to keep rates steady between 4.25% and 4.5%.
On the economic front, several key jobs reports are on the way. The Job Openings and Labor Turnover Survey, or JOLTS data, will be released today, followed by ADP’s payroll report on Wednesday, jobless claims on Thursday, and the July jobs report on Friday.
Meanwhile, the U.S. 10-year Treasury yield was down, floating near 4.4%. Also, WTI crude oil futures were trending higher, hovering near $66.7 per barrel as of the last check.
Elsewhere, European stocks opened higher today, bouncing back from the previous session’s losses as attention turned to corporate earnings.
Asia-Pacific Markets Traded Mixed Today
Asia-Pacific markets were mixed today as investors looked ahead to the results of ongoing U.S.-China trade talks.
The Hong Kong index was down 0.18%. Also, Japan’s Nikkei and Topix indices closed lower by 0.79% and 0.75%, respectively. However, China’s Shanghai Composite and the Shenzhen Component indices ended higher by 0.33% and 0.64%, respectively.
Interested in more economic insights? Tune in to our LIVE webinar.