Stock market today: Dow, S&P 500 and Nasdaq futures rise as trade deal hopes lift stocks toward more records
US stock futures climbed on Monday amid signs of progress in trade talks, setting up the major indexes for more all-time highs to end one of the most volatile first halves of a year in recent memory.
Dow Jones Industrial Average futures (YM=F) rose 0.5%. Contracts on the S&P 500 (ES=F) also gained roughly 0.5%, while those on the tech-heavy Nasdaq 100 (NQ=F) jumped 0.7%.
Stocks are poised to start a holiday-shorted week on a high note, fueled in part by easing fears of a global trade war. On Friday, all three major indexes closed higher, with the S&P 500 (^GSPC) and the Nasdaq Composite (^IXIC) reaching new record highs for the first time since February — the start of the year's tariff-fueled stock swings.
Canada scrapped its digital services tax targeting US technology firms late on Sunday, just hours before it was due to take effect, in a bid to advance stalled trade negotiations. A late-Friday dip in stocks was triggered by Trump's abrupt halt to talks with Canada, citing its digital tax policy.
A July 9 deadline looms before the possible resumption of Trump's unilateral tariffs, which Trump on Sunday said he didn't think he'd "need to" extend.
India has extended its Washington visit to finalize a deal, and Trump administration officials last week confirmed a trade framework with China was in place, bolstering investor sentiment.
Meanwhile, market watchers are closely following Senate negotiations over Trump's proposed $4.5 trillion tax cut bill, as Republican leaders race to persuade party holdouts to back the legislation. The Congressional Budget Office estimates it would add $3.3 trillion to the deficit over a decade, as it stands. The Senate is set to vote on dozens of amendments in a marathon session on Monday.
Markets will close at 1 p.m. on Thursday and remain shut on Friday for the Fourth of July.
Yahoo Finance's Allie Canal reports:
Read more here.
Earnings: No notable earnings releases.
Economic data: MNI Chicago PMI (June); Dallas Fed manufacturing activity
Here are some of the biggest stories you may have missed overnight and early this morning:
Warring GOP puts Trump tax bill to marathon Senate vote today
Canada scraps digital services tax that Trump slammed
Disney's stock has bagged a Jeffries upgrade — here's why
Week ahead: Crucial jobs report looms with stocks at records
Trump: TikTok buyer group found, needs China's OK
Bitcoin soars, altcoins fade in $300 billion crypto shakeout
China's economy shows surprising signs of strength
Yahoo Finance's Josh Schafer lays out what investors should know about the week ahead:
Read more here.
Here are some top stocks trending on Yahoo Finance in premarket trading:
Hewlett Packard Enterprise Company (HPE) stock rose 6% in premarket trading on Monday following the news that HPE and Juniper Networks have reached an agreement with the US Department of Justice that it will not challenge HPE's acquisition of Juniper.
Palantir (PLTR) stock rose 5% before the bell and are trading at an all-time high, up 90% this year. Yahoo Finance Anchor Julie Hyman recently broke down the stock's history on a episode of Market Domination Overtime:
Juniper Networks, Inc. (JNPR) stock rose 8% premarket after the DOJ said it would not pursue an investigation into HPE's acquisition of Juniper.
As earning season approaches, Goldman Sachs (GS) said on Monday that US profit margins will be tested as investors await to see how President Trump's war has hurt companies.
Goldman's David Kostin said Q2 earnings will show the immediate impact of tariffs, which have risen about 10% this year. Most costs will be passed on to consumers, but margins will suffer if firms absorb more than expected.
Early results are mixed: General Mills (GIS) stock fell 5% last week due to a weak forecast and tariff warning, while Nike (NKE) rose 15% after announcing it will offset higher duties.
Bloomberg News reports:
Read more here.
European stocks outperformed their US peers by the biggest margin on record in dollar terms during the first half. It's a dramatic sign of how the region's markets are staging a comeback after more than a decade in the doldrums.
Bloomberg reports:
Read more here.
Canada has scrapped its planned digital services tax on US tech firms late on Sunday, just hours before it was due to come into effect.
The move aims to revive stalled trade talks with the US, which President Trump suddenly halted on Friday over the tax, calling it a "blatant attack" on American tech companies.
US stock futures rose as investors welcomed the news. Benchmark stock indexes in Tokyo and Shanghai also moved higher amid optimism that the US and its top trading partners can hammer out trade deals.
Prime Minister Mark Carney and Trump now plan to reach a deal by July 21, Canada's finance ministry said.
Trump warned on Friday that he would set new tariffs on Canadian goods within a week, risking fresh tension between the two countries.
The White House has set a July 9 deadline for trading partners to broker deals with the US over the sweeping 'reciprocal' tariff rates announced in early April.
The 3% tech tax would have hit firms like Apple (AAPL), Google (GOOG), and Amazon (AMZN) starting on Monday. Canada will now bring forward legislation to cancel the tax.
"The DST was announced in 2020 to address the fact that many large technology companies operating in Canada may not otherwise pay tax on revenues generated from Canadians," a statement from the Canadian finance ministry said. "Canada's preference has always been a multilateral agreement related to digital services taxation."
Oil prices fell overnight Sunday as global markets adjusted to the easing of tensions in the Middle East, in combination with a commitment from OPEC+ to increase supply in August.
Reuters reports:
Read more here.
Yahoo Finance's Allie Canal reports:
Read more here.
Earnings: No notable earnings releases.
Economic data: MNI Chicago PMI (June); Dallas Fed manufacturing activity
Here are some of the biggest stories you may have missed overnight and early this morning:
Warring GOP puts Trump tax bill to marathon Senate vote today
Canada scraps digital services tax that Trump slammed
Disney's stock has bagged a Jeffries upgrade — here's why
Week ahead: Crucial jobs report looms with stocks at records
Trump: TikTok buyer group found, needs China's OK
Bitcoin soars, altcoins fade in $300 billion crypto shakeout
China's economy shows surprising signs of strength
Yahoo Finance's Josh Schafer lays out what investors should know about the week ahead:
Read more here.
Here are some top stocks trending on Yahoo Finance in premarket trading:
Hewlett Packard Enterprise Company (HPE) stock rose 6% in premarket trading on Monday following the news that HPE and Juniper Networks have reached an agreement with the US Department of Justice that it will not challenge HPE's acquisition of Juniper.
Palantir (PLTR) stock rose 5% before the bell and are trading at an all-time high, up 90% this year. Yahoo Finance Anchor Julie Hyman recently broke down the stock's history on a episode of Market Domination Overtime:
Juniper Networks, Inc. (JNPR) stock rose 8% premarket after the DOJ said it would not pursue an investigation into HPE's acquisition of Juniper.
As earning season approaches, Goldman Sachs (GS) said on Monday that US profit margins will be tested as investors await to see how President Trump's war has hurt companies.
Goldman's David Kostin said Q2 earnings will show the immediate impact of tariffs, which have risen about 10% this year. Most costs will be passed on to consumers, but margins will suffer if firms absorb more than expected.
Early results are mixed: General Mills (GIS) stock fell 5% last week due to a weak forecast and tariff warning, while Nike (NKE) rose 15% after announcing it will offset higher duties.
Bloomberg News reports:
Read more here.
European stocks outperformed their US peers by the biggest margin on record in dollar terms during the first half. It's a dramatic sign of how the region's markets are staging a comeback after more than a decade in the doldrums.
Bloomberg reports:
Read more here.
Canada has scrapped its planned digital services tax on US tech firms late on Sunday, just hours before it was due to come into effect.
The move aims to revive stalled trade talks with the US, which President Trump suddenly halted on Friday over the tax, calling it a "blatant attack" on American tech companies.
US stock futures rose as investors welcomed the news. Benchmark stock indexes in Tokyo and Shanghai also moved higher amid optimism that the US and its top trading partners can hammer out trade deals.
Prime Minister Mark Carney and Trump now plan to reach a deal by July 21, Canada's finance ministry said.
Trump warned on Friday that he would set new tariffs on Canadian goods within a week, risking fresh tension between the two countries.
The White House has set a July 9 deadline for trading partners to broker deals with the US over the sweeping 'reciprocal' tariff rates announced in early April.
The 3% tech tax would have hit firms like Apple (AAPL), Google (GOOG), and Amazon (AMZN) starting on Monday. Canada will now bring forward legislation to cancel the tax.
"The DST was announced in 2020 to address the fact that many large technology companies operating in Canada may not otherwise pay tax on revenues generated from Canadians," a statement from the Canadian finance ministry said. "Canada's preference has always been a multilateral agreement related to digital services taxation."
Oil prices fell overnight Sunday as global markets adjusted to the easing of tensions in the Middle East, in combination with a commitment from OPEC+ to increase supply in August.
Reuters reports:
Read more here.
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EHang Secures Order for 50 Units of EH216-S from Guizhou and Partners with Anshun Government to Advance Low-Altitude Cultural Tourism
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In 2025, the Guizhou Provincial Government's Work Report highlights the development of the low-altitude economy and aims to establish various low-altitude tourism, logistics and emergency scenarios in its Three-Year Action Plan for the High-Quality Development of the Low-Altitude Economy (2025–2027) (draft for public consultation) . Anshun city stands out in Guizhou province with its solid foundation for low-altitude industry development, featuring a well-established aerospace supply chain, robust infrastructure, and comprehensive supporting policies. Guizhou places strong emphasis on and actively supports the growth of Anshun's aviation and low-altitude sectors. EHang's cooperation with Anshun city and Guizhou Tourism Group will further, based on practical needs, expand and implement diverse low-altitude application scenarios, attract high-end talents and cutting-edge technologies, and plan to promote practical collaborations in areas such as aircraft R&D, component manufacturing, testing, and trial operations. These joint efforts aim to drive the local low-altitude industry toward a more advanced, intelligent, and sustainable future, and contribute to the creation of a globally competitive industrial cluster. Guizhou Tourism Group serves as Guizhou province's core tourism operator and an integrated service provider for all-for-one tourism. Guizhou Scenic focuses on supporting Guizhou province's vision of becoming a world-class travel destination and promoting high-quality development of the tourism industry. It manages several renowned scenic areas in Guizhou, such as the Jiabang Rice Terraces in Congjiang, Basha Miao Village, and Yunfeng Tunpu in Anshun. Changpeng Yang, Secretary of Anshun City, stated, 'In recent years, China has accelerated the layout of the low-altitude economy as a strategic industry. The Guizhou provincial government have vigorously supported its high-quality growth, designating Anshun as a demonstration zone for the province's low-altitude economy development. We hope Anshun and EHang will seize this strategic opportunity, deepen their collaboration, and work together to build a thriving low-altitude industrial cluster. By aligning our efforts and leveraging our respective strengths, we aim to integrate new productive forces with Guizhou's natural beauty, unlock more application scenarios, create greater value, and establish a national benchmark for low-altitude economic development.' Yusheng Meng, Deputy General Manager of Guizhou Tourism Group, commented, 'Guizhou Tourism Group has always been committed to pioneering innovation in Guizhou's tourism sector. The introduction of the EH216-S pilotless human-carrying aircraft brings a new vitality and dimension to our scenic areas, offering visitors an unprecedented aerial sightseeing experience. We look forward to deepening our collaboration with EHang to fully unlock the potential of Guizhou's distinctive natural landscapes and cultural heritage. Together, we aim to build a globally attractive low-altitude tourism brand and contribute meaningfully to the province's emerging low-altitude economy.' 'Following the issuance of China's first batch of Operation Certificates for pilotless human-carrying aircraft, EHang is working closely with certified air mobility operators to steadily advance the safe operation and commercial deployment of the EH216-S. This 50-unit purchase order mark a significant milestone in EHang's strategic expansion into low-altitude tourism and serves as a key initiative to establish Guizhou as a model for low-altitude technology innovation, further demonstrating our collaborator's strong recognition of EHang's product capabilities and technological strengths and underscoring the market's growing confidence in the promising future of the low-altitude economy,' said Zhao Wang, Chief Operating Officer of EHang. 'Guizhou's rich tourism resources make it an ideal setting for a wide range of aerial services—from sightseeing and tourism to immersive flight experiences. Its mountainous terrain also poses challenges for traditional ground transportation, driving strong demand for innovative eVTOL solutions to enhance regional mobility and logistics. We view this partnership as a strategic catalyst to deepen our operational presence in Guizhou, explore new models for low-altitude economy development, and deliver safe, convenient, and eco-friendly aerial experiences that foster high-quality consumption powered by low-altitude technologies.' About EHang EHang (Nasdaq: EH) is the world's leading urban air mobility ('UAM') technology platform company. Our mission is to enable safe, autonomous, and eco-friendly air mobility accessible to everyone. EHang provides customers in various industries with unmanned aerial vehicle ('UAV') systems and solutions: air mobility (including passenger transportation and logistics), smart city management, and aerial media solutions. EHang's flagship product EH216-S has obtained the world's first type certificate, production certificate and standard airworthiness certificate for pilotless eVTOL issued by the Civil Aviation Administration of China ('CAAC'). In 2025, EH216-S eVTOL operators have been granted the first batch of Air Operator Certificates for human-carrying pilotless eVTOL flight services for mass consumers issued by the CAAC. As the forerunner of cutting-edge UAV technologies and commercial solutions in the global UAM industry, EHang continues to explore the boundaries of the sky to make flying technologies benefit our life in smart cities. For more information, please visit Safe Harbor Statement This press release contains statements that may constitute 'forward-looking' statements pursuant to the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'aims,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'likely to' and similar statements. Statements that are not historical facts, including statements about management's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to those relating to certifications, our expectations regarding demand for, and market acceptance of, our products and solutions and the commercialization of UAM services, our relationships with strategic partners, and current litigation and potential litigation involving us. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management's control. These statements involve risks and uncertainties that may cause EHang's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Media Contact: [email protected] Investor Contact: [email protected] Photos accompanying this announcement are available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
