NASDAQ will surpass NYSE in the first half of 2025
NASDAQ outperformed NYSE in the first half of 2025, raising $21.3 billion through IPOs compared to NYSE’s $8.7 billion.
Cheddar
U.S. stock futures are rising after trade contract rally, but some megacup tech companies are planning to report quarterly results, which could make them emotional.
After the regular session market is shut down, Google-Parent Alphabet and electric car giant Tesla will report revenue to the first two of the so-called Magnificent Seven.
The magnificent seven stocks are megacup high-tech stocks that have a strong impact on the market. It also includes Apple, Microsoft, Nvidia, Meta and Amazon. In 2024, they accounted for about a third of the S&P 500’s total market capitalization.
In the case of Tesla and Alphabet reports, investors will hone their reports and comments on signs of weakness in artificial intelligence spending and weakness in tariff impacts to extend the rally launched by trade transactions announced by President Donald Trump.
The US and Japan have agreed to a trade agreement that Japan will invest $550 billion in the US and includes a 15% tariff for Japan to enter the US, including automobile fares.
Trump also said the US attacked a trade deal with the Philippines. It said it includes a 19% tariff on goods imported from Southeast Asian countries and does not include tariffs on US goods entering the Philippines. He said both countries will also work militarily.
The White House said final talks with Indonesia are also ongoing on the trade agreement. The framework does not include tariffs on US goods, but Indonesian goods entering the US are taxed at 19%.
At 6am on ET, futures tied to the Blue Chip Dow rose 0.50%, while Broad S&P 500 futures rose 0.39%, while Tech Heavy Nasdaq futures added 0.18%.
Before the market opens, toy makers Hasbro, AT&T, Boston Scientific and Hilton are among the companies expected to report revenue.
Corporate News
- Texas Instruments’ second quarter results have broken through Wall Street estimates, but the low range of current quarterly guidance has been overlooked.
- Costar Group reported better results than expected in the second quarter.
- Cal-Maine Foods will bring the last three months of the three expectations of Beat Analysts for the fiscal year, aided by egg prices.
- Enphase Energy’s second quarter revenues surpassed Anlaysts’ expectations, but its current quarterly revenue forecasts were largely below forecasts.
Medora Lee is a money, market and personal finance reporter for USA Today. mjlee@usatoday.com and Subscribe to our free daily money newsletter Personal finance tips and business news every Monday to Friday.
