Morning Movers: Venture Global and Cheniere rise following U.S.-EU trade deal

U.S. stock futures edged higher on optimism surrounding a newly negotiated U.S.-EU trade framework, which lowers proposed tariffs to 15%, easing concerns tied to the looming August 1 deadline.

Investors are now bracing for a critical week ahead, featuring major tech earnings from Microsoft, Meta, Apple, and Amazon; a Federal Reserve meeting; and key economic releases including the PCE inflation gauge and the U.S. nonfarm payroll report.

Sentiment remains upbeat as roughly 83% of S&P 500 companies have beaten expectations this quarter, and about 40% have issued upward guidance.

Commodity markets have been mixed this morning as trade relief eased downside pressure on oil while gold retreated slightly for the first time in weeks. In pre-market trading, S&P 500 futures rose 0.19%, Nasdaq futures rose 0.36% and Dow futures rose 0.08%

Check out this morning’s top movers from around Wall Street, compiled by The Fly and subscribe to the daily Fly By on YouTube. 

HIGHER –

• Venture Global (VG) and Cheniere (LNG) up 6% and 4%, respectively, after the EU committed to big purchases of American energy products as part of the trade agreement that President Trump and European Commission President Ursula von der Leyen announced
• Tesla (TSLA) up 1% after CEO Elon Musk posted that Samsung’s (SSNLF) new Texas fab will be dedicated to making Tesla’s next-generation AI6 chip

UP AFTER EARNINGS –

• Enterprise Products (EPD) up 1%
• Bank of Hawaii (BOH) up 1%
• Rithm Capital (RITM) up 1%

DOWN AFTER EARNINGS –

• Revvity (RVTY) down 8%
• New Gold (NGD) down 1%

LOWER-

• Atai Life Sciences (ATAI) down 11% after Recognify Life Sciences announced that its randomized, double-blind, placebo-controlled Phase 2b clinical trial evaluating inidascamine in patients with cognitive impairment associated with schizophrenia did not meet its primary endpoint