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U.S. equity futures rose on Sunday evening as Wall Street prepared for
an especially busy week that’ll bring earnings from several major tech companies, a key Federal Reserve meeting, President Donald Trump’s Aug.
1 tariff deadline and key inflation data.
Futures tied to the Dow
Jones Industrial Average climbed 180 points, or 0.4%. S&P 500 futures
were also higher by 0.3% and Nasdaq 100 futures
added 0.4%.
The move comes after Trump announced Sunday that the U.S. has reached an agreement with the European Union to lower tariffs to 15%. The president
had previously threatened 30% tariffs on most imported goods from the
U.S.’s largest trading partner.
Wall Street is also coming off a winning week fueled by strong earnings
and recent deals between the U.S. and other trading partners, including
Japan and Indonesia.
On Friday, all three of the major averages finished the day and week
with gains. The blue-chip Dow
climbed 208.01 points, or 0.47%, to settle at 44,901.92. The broad
market S&P 500 gained 0.40% to close at 6,388.64, marking its fifth
consecutive day of closing records and 14th record close of the year.
The tech-heavy Nasdaq Composite rose 0.24% to 21,108.32 for its 15th
record close of the year.
“A healthy plethora of earnings beats, positive developments in
U.S.-Japan trade relations, strong capex commentary, and a bullish “AI
Action Plan” kept the enthusiasm of weeks’ past stronger than ever,”
Nick Savone of Morgan Stanley’s Institutional Equity Division said in a
note over the weekend.
“As we push through the bulk of S&P 500 companies still due to report,
the lower bar heading into this season has admittedly kept spirits high,
but stock reactions still look most principally rooted in forward
guidance — especially as investors brace, time and again, for the impact
of these trade headlines to flow through.”
The market is gearing up for the busiest week of earnings season. More
than 150 companies in the S&P 500 are due to post their quarterly
results, including “Magnificent Seven” names Meta Platforms and
Microsoft on Wednesday, followed by Amazon and Apple on Thursday.
Investors will be listening for companies’ comments on AI spending for direction on whether big investments in hyperscalers this year are
justified.
This week, the Fed will also hold its two-day policy meeting, concluding
on Wednesday. Although the central bank is expected to keep interest
rates at their current target range of 4.25% to 4.5%, investors will be
looking for clues about whether a rate cut could be on the table at the September meeting.
Tariffs and their effect on inflation will remain in focus on Thursday
as traders get the June personal consumption expenditures price (PCE)
index, the Fed’s preferred measure of inflation. The report is expected
to show inflation rising to 2.4% from 2.3% year-over-year, according to FactSet, and to 0.31% from 0.14% on a monthly basis.
Investors will also get a batch of jobs-related data this week,
including the Job Openings and Labor Turnover Survey, or JOLTS, on
Tuesday, ADP’s private payrolls report on Wednesday, initial jobless
claims Thursday and, on Friday, the critical July jobs report.
Economists polled by FactSet anticipate the U.S. economy added 115,000
jobs in July, down from 147,000 in June. The unemployment rate is
expected to show a slight bump to 4.2% from 4.1%.
https://www.cnbc.com/2025/07/27/stock-market-today-live-updates.html
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