US EditionStock Market Live August 6: Mostly Positive Earnings Reports Push S&P 500 (VOO) Higher Wednesday
UNITED STATES, AUG 6 – S&P 500 futures rise 0.3% amid 82% of companies beating earnings estimates and growing bets on Federal Reserve interest rate cuts this year, despite ongoing trade tensions.
- On August 7, 2025, S&P 500 futures and Nasdaq 100 futures each rose 0.2%, while 10-year Treasury yield climbed almost four basis points to 4.25%.
- This week, the ISM Services PMI fell to 50.1 and weekly jobless claims rose to 221,000, while about 80% of S&P 500 companies beat Q2 earnings forecasts.
- After market open, Palantir Technologies' shares surged 7.9% on surpassing $1 billion in revenue, while Caterpillar fell 4% after reporting a lower second-quarter profit amid U.S. tariff costs.
- Overnight-Indexed swaps showed more than 80% odds of a rate reduction next month, indicating market expectations of a potential Fed policy pivot.
- On the geopolitical front, global markets face instability from conflicts in Gaza and Ukraine, and Trump has threatened secondary tariffs of 100% to 500% on Russian oil importers, with duties ranging from 35% on Canada to 50% in Brazil.
41 Articles
41 Articles
Stock Market Live August 6: Mostly Positive Earnings Reports Push S&P 500 (VOO) Higher Wednesday
Live Updates Live Coverage Updates appear automatically as they are published. Shopify Delights Investors With Sales Beat 10:33 am Shopify (Nasdaq: SHOP) reported Q2 revenue of $2.7 billion this morning, ahead of analysts’ forecast $2.55 billion. The company did not break out EPS numbers, but noted that its sales grew 31%, free cash flow expanded 27%, and operating profits rose 21% year over year. Management guided to slower revenue growth …
haltonhillstoday.ca
Shopify records US$906 million profit in Q2 as revenue jumps by 31%
Shopify Inc. reported a profit of US$906 million in its latest quarter as its revenue grew by 31 per cent. The Ottawa-based e-commerce software company's net earnings for the second quarter compared with a US$171 million profit it posted a year ago.
Ottumwa Courier
Wall Street heads for a modestly higher open as markets shift focus from labor market to earnings
Wall Street headed higher in early trading as markets’ anxiety over last week’s poor jobs data appears to have dissipated as investors turn their attention to another batch of corporate earnings. Futures for the S&P 500 gained 0.3% before the…
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