Dow Jones Futures Rise Amid New Tariffs, Record Indexes Looming

Stock futures rise 0.4-0.8% as new tariffs take effect, with major indexes near record highs. Investors brush aside concerns about tariffs and focus on record highs for the S&P 500 and Nasdaq Composite. Chip stocks gain as Trump announces exemptions for US manufacturing, while Intel falls 3% after Trump calls for CEO resignation. Eli Lilly shares tumble 8% after disappointing weight-loss drug trial results. Crypto-related stocks rise as bitcoin price jumps to $116,400.

Stock futures surged Thursday, with major indexes nearing record highs despite the implementation of new tariffs. Futures tied to the Dow Jones Industrial Average climbed 0.4%, while those linked to the S&P 500 and the tech-heavy Nasdaq rose 0.6% and 0.8%, respectively [1].

The S&P 500 index is less than 1% away from a record closing high, while the tech-heavy Nasdaq Composite is just a few points away from a record. Investors have brushed aside concerns about tariffs, focusing instead on the market's recent gains [1].

Semiconductor stocks, particularly those of Nvidia (NVDA) and Broadcom (AVGO), saw significant gains, with NVDA up about 1.5% and AVGO up about 1.5% as well. Advanced Micro Devices (AMD) added more than 2% to its value [1]. Meanwhile, Intel (INTC) fell more than 3% after President Donald Trump called for the resignation of CEO Lip-Bu Tan due to alleged conflicts of interest [1].

Mega-cap stocks, such as Apple (AAPL), Microsoft (MSFT), Alphabet (GOOG), Meta Platforms (META), and Tesla (TSLA), were mostly higher, while Amazon (AMZN) ticked lower. Shares of Eli Lilly (LLY) tumbled 8% after disappointing results from a trial of its oral weight-loss drug [1][2].

Crypto-related stocks rose as the price of bitcoin jumped to $116,400, up from an overnight low of $114,300. Major bitcoin buyer Strategy (MSTR) and crypto exchange Coinbase Global (COIN) were up 2% and 3%, respectively [1][3].

The U.S. dollar index held steady at 98.20, while the yield on the 10-year Treasury remained little changed at 4.23% [1]. West Texas Intermediate futures rose 0.5% to $64.65 per barrel, and gold futures climbed 0.9% to $3,465 an ounce [1].

References:
[1] https://www.investopedia.com/dow-jones-today-08072025-11786508
[2] https://www.marketwatch.com/story/pfizers-stock-set-for-worst-day-in-26-years-as-trial-data-from-oral-weight-loss-pill-disappoints-6dd9dda2
[3] https://bitcoinmagazine.com/news/713-million-worth-of-bitcoin-and-crypto-longs-liquidated-as-bitcoin-price-dips-below-114000