Stock futures are modestly higher this morning following the surprise announcement of a U.S.-Japan trade agreement, which slashes tariffs on autos and other Japanese goods, boosting global market sentiment and hinting at further trade progress.
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Oil prices have declined for the fourth straight session despite renewed trade hopes, while gold and crypto are mixed. Bitcoin is hovering near $118,600 as caution lingers.
Megacap tech stocks remain in focus as Alphabet and Tesla prepare to report earnings. The “Magnificent Seven” continue to shape sentiment, though analysts warn of risks posed by market concentration, with the top 10 S&P 500 stocks accounting for over a third of its market cap.
In pre-market trading, S&P 500 futures rose 0.34%, Nasdaq futures rose 0.07% and Dow futures rose 0.5%
Check out this morning’s top movers from around Wall Street, compiled by The Fly, as well as the pre-market Fly By on YouTube.
UP AFTER EARNINGS –
- GE Vernova (GEV) up 7%
- TE Connectivity (TEL) up 4%
- Capital One (COF) up 3%
- Boston Scientific (BSX) up 2%
- General Dynamics (GD) up 1%
- Hasbro (HAS) up 1%
DOWN AFTER EARNINGS –
- Fiserv (FI) down 14%
- AT&T (T) down 3%
- Hilton (HLT) down 2%
- Thermo Fisher (TMO) down 1%
- Texas Instruments (TXN) down 9%
- Enphase Energy (ENPH) down 5%
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Read More on TMO:
- Thermo Fisher reports Q2 adjusted EPS $5.36, consensus $5.23
- Notable companies reporting before tomorrow’s open
- TMO Earnings this Week: How Will it Perform?
- Thermo Fisher price target lowered to $553 from $573 at Baird
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