Wall Street Edges Higher as Big Tech Earnings Take Center Stage

 

Markets Open on a Positive Note

U.S. stock futures nudged upward Monday morning, signaling a potentially strong start to a week dominated by Big Tech earnings and trade policy developments. Futures for the S&P 500 and Nasdaq 100 rose approximately 0.3%, while the Dow Jones Industrial Average futures gained around 0.2%.

Tech Titans in the Spotlight

Investors are bracing for earnings reports from Alphabet and Tesla, the first of the “Magnificent Seven” to unveil second-quarter results. With AI-driven growth fueling lofty valuations, strong performances could reinforce investor confidence and justify recent market highs.

Tariff Tensions Simmer

Trade policy remains a key concern. The European Union is reportedly preparing retaliatory measures if a deal with the U.S. isn’t reached before the August 1 deadline for new tariffs. Commerce Secretary Howard Lutnick reaffirmed the White House’s “hard stop” on compliance, adding uncertainty to the market outlook.

Corporate Movers

Domino’s Pizza shares climbed 3% in premarket trading after posting better-than-expected second-quarter sales, despite missing profit estimates. Meanwhile, Block surged over 9% following its inclusion in the S&P 500, marking a milestone for the fintech sector.

AI Boom Powers TSMC

Taiwan Semiconductor Manufacturing Co. crossed the $1 trillion market cap threshold, buoyed by investor optimism around its role in the AI supply chain. The company raised its full-year revenue forecast to 30%, signaling robust demand for advanced chips.

With earnings season heating up and geopolitical tensions looming, Wall Street is set for a dynamic week. Let me know if you’d like a breakdown of specific company earnings or sector performance.