Futures on the Dow Jones Industrial Average (DJI) are up triple digits this morning, while S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) sit modestly in the black as well. Investors are unpacking a flood of earnings reports, including blue chips Walt Disney (DIS) and McDonald's (MCD). Notably, semiconductor stocks Super Micro Computer (SMCI) and Advanced Micro Devices (AMD) are both sharply lower after their results.
Continue reading for more on today's market, including:
- Long-term stock winners that could keep rallying, per Schaeffer's Senior Quantitative Analyst Rocky White.
- 25 stocks to avoid in August, historically.
- Plus, three stocks making big post-earnings moves this morning.
5 Things You Need to Know Today
- The Cboe Options Exchange (CBOE) saw over 2 million call contracts and more than 1.1 million put contracts traded on Tuesday. The single-session equity put/call ratio came in at 0.58, while the 21-day moving average remained at 0.59.
- Electric vehicle (EV) stock Lucid Group Inc (NASDAQ:LCID) is down 7.4% premarket, after the company posted larger-than-expected second-quarter losses of 28 cents per share and slashed its production target for 2025. Should these losses hold, it will be LCID's 10th loss in 11 sessions. Heading into today, the stock is down 19.9% year-to-date.
- Shares of Arista Networks Inc (NYSE:ANET) are up 12% before the bell, after the computer networking name smashed second-quarter earnings estimates, posting record revenue. Since the start of 2025, ANET is up 6.9% ahead of today's price action.
- Rideshare stock Uber Technologies Inc (NYSE:UBER) is up 1.3% in electronic trading, after the company announced strong second-quarter revenue and a $20 billion stock buyback. Year-to-date, the equity is sporting a 48.2% lead.
- This week will bring plenty more earnings, as well as a handful of economic data.
Asian Bourses Eke Out Gains
Asian markets saw minor gains, facing mounting pressure from President Trump’s potential tariffs on semiconductors and pharmaceuticals. Japanese car manufacturing company Honda Motor reported fiscal first-quarter profits fell 50% year over year, yet the Nikkei still managed a 0.6% gain. In Hong Kong, the Hang Seng eked out a positive close of 0.03% amid Trump’s offer to meet with President Xi Jinping, , while China’s Shanghai Composite rose 0.5%. Elsewhere, South Korea’s Kospi was flat.
European stocks are also fretting over Trump’s threats of crushing tariffs on pharmaceuticals. At last look, London’s FTSE 100 and France’s CAC 40 are both up 0.3%, and Germany’s DAX is trading near breakeven.