Stock market today: Dow, S&P 500, Nasdaq futures rise on US-Japan deal hopes, with Tesla and Google on deck

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0;switch(e){case"expanded_panel":o='{promoMarkup}{notifMarkup}',r=n._store.getNotifications(),a=n._generatePanelMarkup(o,r),i.innerHTML=a;break;case"error_panel":a=(o='{errorMsg}').replace("{errorMsg}",n._config.panel.errorMsg),i.innerHTML=a}t&&t()}else t&&t(new Error("No panel parent"))}},{key:"createPanelParentNode",value:function(e){e&&(e.innerHTML='',this._panelNode=document.getElementById(D))}},{key:"updateBadgeNode",value:function(e){if(e){var t=this._store.getNotifications().newCount,n=this._config.badge.maxCount;if(t){var o=t>n?n+"+":t;e.innerHTML=o}else e.innerHTML=""}}},{key:"addStyles",value:function(e){if(e&&"undefined"!=typeof window){var t=document.getElementById(this._config.panel.styleTagId);t||((t=document.createElement("style")).type="text/css",t.id=this._config.panel.styleTagId,t.innerText=e,document.head.appendChild(t))}}}]),e}(),U=function(){function e(t,n,o){L(this,e);var i=this;i._store=n,i._view=o,i._config=t;var 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Contracts on the tech-heavy Nasdaq 100 (NQ=F) nudged up 0.2%, following a mixed day for stocks.The new pact places a 15% tariff on imports from Japan, President Trump said — a step down from the threatened 25% duties set to hit next week. For its part, Tokyo will make $550 billion in US investment. "It's a great deal for everybody," Trump said late Tuesday.Read more: The latest on Trump's tariffsThe major-partner breakthrough lifted optimism that more trade deals will be sealed before Aug. 1, when Trump's sweeping tariffs kick in, even as negotiations with the European Union, India, and other large partners have dragged of late. Economists believe that if tariffs then average out at 15%, that would be manageable for the global economy, limiting damage.The deal's confidence boost for markets after months of tariff uncertainty is likely to fuel this week's record-setting run in the S&P 500 (^GSPC), which eked out another all-time closing high on Tuesday.But the rally faces a big test in Google-parent Alphabet and Tesla's earnings due after the bell, the first of the "Magnificent Seven" to report.Tesla CEO Elon Musk's rocky relationship with Trump is looming large over the EV maker's earnings. With its stock down nearly 18% year-to-date, investors are watching for updates on the company's core auto business and its robotaxi rollout.With Alphabet, investors are looking for signs that AI investments are starting to pay off as the company pours billions into the technology. A federal judge's decision that could force the company to sell Google Chrome will also be in focus.Read more: Full earnings coverage in our live blogMeanwhile, investors will scour Wednesday's flurry of quarterly earnings for more insight into how Corporate America is coping with tariffs, after Texas Instruments' (TXN) soft guidance fed fears. Highlights on the docket include Chipotle (CMG), AT&T (T), IBM (IBM), and Alaska Air (ALK).LIVE 12 updates4 mins agoKaren FriarTrump readies new hands-off AI 'action plan'President Trump is expected to release an AI "action plan" on Wednesday, said to outline how the US can win in the global AI race by taking a hands-off regulatory approach.The plan is likely to cover how to make it easier to export AI technology and to lower barriers to domestic development, going by a draft reported by Reuters.A clutch of supporting executive orders expected this week could include one that could draw legal challenges, notes Yahoo Finance's Alexis Keenan:Read more here.18 mins agoGrace O'DonnellAT&T subscribers surge, but the stock is sliding premarketAT&T (T) stock fell over 3% in premarket trading despite the telecom provider reporting a huge subscriber beat.Reuters reports:Read more here.20 mins agoKaren FriarHow the dropping dollar could scramble Trump's agendaPresident Trump has said he is "never going to let the dollar slide." But his agenda is making that complicated, Yahoo Finance's Ben Werschkul reports:Read more here.23 mins agoJenny McCallGood morning. Here's what's happening today.Economic data: MBA mortgage applications (July 18); Existing home sales (June)Earnings: Alphabet (GOOGL, GOOG), Tesla (TSLA), Chipotle (CMG), Alaska Airlines (ALK), AT&T (T), Fiserv (FI), Freeport-McMoran (FCX), GE Vernova (GEV), General Dynamics (GD), Hasbro (HAS), IBM (IBM), O'Reilly Automotive (ORLY), QuantumScape (QS)Here are some of the biggest stories you may have missed overnight and early this morning:AT&T stock slides despite subscriber surge; Tesla, Google on deckTrump gets Japan deal, but EU digs in with $100B responseHow the dollar's drop could scramble Trump's agendaTrump to launch hands-off 'action plan' to win AI raceGoogle earnings on deck: AI results wanted, not just hypeThe protein boom is only beginningKrispy Kreme, GoPro jump as meme stock rally continuesAT&T beats profit estimates as bundled plans boost subscribersHilton lifts 2025 profit forecast on US demand recoveryToday at 11:30 AM UTCKaren FriarThe protein boom is only beginningYahoo Finance's Hamza Shaban reports in today's Morning Brief:Read more here.Today at 10:26 AM UTCKaren FriarEnphase stock slides on warning of hit from Trump policiesShares in Enphase Energy (ENPH) fell after its third quarter revenue forecast fell short, as the US solar company pointed to headwinds from President Trump's policies.The solar equipment maker said Trump's import tariffs had hit its gross margin, after the US in April finalized steep duties on solar cells from Southeast Asia.At the same time, Enphase faces the fallout from Trump's cuts to tax incentives in the renewable energy sector. It said it expects the US residential solar market to shrink 20% next year as tax credits for homeowners end under Trump's sweeping budget legislation.Bloomberg reports:Read more here.Today at 10:24 AM UTCJenny McCallTrending tickers: Krispy Kreme, GoPro and Constellation Energy CorporationHere are some top stocks trending on Yahoo Finance in premarket trading:Krispy Kreme (DNUT)`stock rose 22% before the bell boosted by their names trending on social media a day after retail traders snapped up Kohl’s (KSS) shares.Camera maker GoPro (GPRO) shares rose 43%, per Reuters short interest in the stock recently stood at 7.7%. Investor interest in heavily shorted stocks has grown after Kohl’s jumped 38% on Tuesday amid heavy retail buying.Constellation Energy Corporation (CEG) stock rose 4% premarket after PJM Interconnection released results from its 2026-2027 capacity auction. The grid operator set record prices at $329.17 per megawatt-day, raising total capacity costs to $16.1 billion from $14.7 billion last year.Today at 10:01 AM UTCKaren FriarTesla Q2 earnings preview: 3 things to watchTesla (TSLA) is slated to report second quarter earnings on Wednesday against an uncertain backdrop for its core auto business and robotaxi rollout.Tesla stock pared some of its losses earlier in the year, as tariffs and a volatile relationship between CEO Elon Musk and President Trump weighed on the company. But the stock is still down about 17% year to date.Yahoo Finance's Pras Subramanian previews three key areas to watch when the EV maker reports: Read more here.Today at 9:20 AM UTCBrian SozziMeme stocks are on the move againThe return of meme stock mania doesn't appear like it will end on Wednesday.Some of the highest-trending ticker pages on Yahoo Finance this morning are meme crowd favorites Kohl's (KSS), Rocket (RKT), and Krispy Kreme (DNUT). As of 6 a.m. ET, Rocket and Krispy Kreme are each up double-digit percentages in premarket."The phenomenon of meme stocks isn't going away. I feel like the genie's out of the bottle. And it's just become a way for a certain subset of everyday investors to trade, and that's completely fine," Ritholtz Wealth Management strategist Callie Cox said on Yahoo Finance's Opening Bid (watch below).Makes sense!Today at 9:16 AM UTCBrian SozziTexas Instruments stock plunges as guidance disappointsGiven how hard the stock market has rallied, any company reporting guidance that is perceived as subpar will get punished.A good example of that will play out with Texas Instruments (TXN) in today's session.The stock is getting pounded premarket, down 12% after third quarter guidance on earnings per share that was 14 cents below consensus on the low end. TXN blamed weak demand in the auto market (heard the same in GM's (GM) outlook on Tuesday).Executives at the key chipmaker for producers of cars and factory equipment said they didn't know how much of the second quarter's jump in revenue was down to customers trying to get ahead of tariffs, per Reuters.Whatever the case, TXN's outlook is putting pressure on similar names in the space: Microchip (MCHP), Analog Devices (ADI), NXP Semiconductors (NXPI), and On Semi (ON).Today at 3:34 AM UTCRian HowlettJapanese auto stocks surge as US announces lower-than-expected tariffsShares of Japanese automakers pumped after U.S. President Donald Trump announced a trade deal with Japan, lowering the previously discussed 25% auto tariffs on Japanese vehicles to 15%.Honda (HMC) surged 9.8%, Toyota (TM) jumped 13.9%, Nissan (7222.T) gained over 5%, and Mazda (7261.T) soared 17.7%. Mitsubishi Motors (7211.T) rose over 12%.According to Japan's NHK, the revised tariff structure includes a 12.5% cut plus a 2.5% “Most Favored Nation” base rate. The move comes as Japanese auto exports to the US have suffered, plunging 26.7% in June.Trump hailed the deal as the “largest Deal ever,” claiming Japan would invest $550 billion in the US and allow greater access to its markets, including for American autos, trucks, and agricultural goods.Today at 12:40 AM UTCRian HowlettTrending tickers in after-hours tradingTexas Instruments, Inc. (TXN)Texas Instruments, a leading chipmaker with the broadest product list in the field, saw its share value drop over 11.6% in after-hours trading. The stock has seen 46% gains in the year to date following a boom in purchases with each wave of tariff announcements. The rapid cooling-off occurred when the executive team announced they were unaware how much of the increase in revenue had been dependent on consumers attempting to circumvent the hike in prices from Trump's tariffs.Enphase Energy, Inc. (ENPH)Solar equipment provider Enphase Energy saw a drop of over 7.2% in the company's stock value in extended trading. With 5% of the market share in the solar equipment field Enphase acts as an early indicator for the impact that Trump's removal of tax credits will have upon the industry. Enphase are pointing towards a 20% drop in the residential market.Read more here.Analog Devices, Inc. (ADI)Shares in semiconductor maker Analog Devices saw a drop of over 4.1% after-hours, erasing gains from the month so far. The company specializes in chips that convert real world input into electrical signals, processing sound, light, temperature, pressure and motion. Investors have been eyeing ADI's earnings reports, still not due for another month.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,369.25 +22.50 (+0.35%)Dow Futures44,943.00 +232.00 (+0.52%)Nasdaq Futures23,244.75 +18.50 (+0.08%)Russell 2000 Futures2,279.10 +18.40 (+0.81%)VIX16.00 -0.50 (-3.03%)Gold3,437.30 -6.40 (-0.19%)PortfolioSign in to access your portfolioSign inTop gainersMEDP Medpace Holdings, Inc. 477.73 +168.85 (+54.67%)IQV IQVIA Holdings Inc. 187.38 +28.42 (+17.88%)DHI D.R. 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