U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Dollar Holds Near Two-Month High as Yen Approaches 160 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Trump, Xi Focus on Trade and AI at White House Summit 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
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U.S. stock index futures edged higher Tuesday evening following President Donald Trump's announcement of a trade agreement with Japan, which included a 15% tariff on Japanese exports to the U.S. The move, while lighter than the initially proposed 25%, signals ongoing progress ahead of the August 1 tariff deadline. Trump also revealed Japan’s commitment to invest $550 billion in the U.S. and open its markets further to American cars and agriculture, including rice.
The trade news helped support sentiment after a mixed Wall Street session. While the S&P 500 reached a new record high at 6,309.59, gains were muted by losses in major technology stocks. The Nasdaq Composite dropped 0.4% to 20,892.69, pressured by chipmakers after Texas Instruments (NASDAQ:TXN) issued a disappointing quarterly outlook. Meanwhile, the Dow Jones Industrial Average rose 0.4% to 44,502.19.
Futures reflected modest optimism: S&P 500 Futures rose 0.2% to 6,358.50, Nasdaq 100 Futures gained 0.1% to 23,249.0, and Dow Futures added 0.2% to 44,795.0 as of 00:03 GMT.
Investors are now awaiting Q2 earnings reports from Tesla (NASDAQ:TSLA) and Alphabet (NASDAQ:GOOGL) due after the bell Wednesday. Tesla’s report is expected to show margin pressure due to weak vehicle sales and a price war in China. Market watchers are also eager for updates on Tesla’s AI and robotics ventures. Alphabet’s results will offer insight into AI-driven growth and the company’s infrastructure investments, as it remains a key player in the AI hyperscaler space.
Additional earnings are expected from IBM (NYSE:IBM), ServiceNow (NYSE:NOW), AT&T (NYSE:T), NextEra Energy (NYSE:NEE), and Moody’s (NYSE:MCO), providing broader cues for market direction. Traders remain cautious amid lingering concerns about trade policy and inflation risks.
