DoorDash Jumps 8%, Airbnb Slips 6% on Earnings

US equity futures are up slightly, with the S&P 500 e-minis up 0.2% and Nasdaq 100 and Dow Industrials up 0.1%. WTI Crude Oil falls for the 5th straight day, while precious metals rebound. Apple confirms a $100B US manufacturing investment, lifting the stock to a 4-month high. DoorDash jumps 8% and Airbnb slips 6% on earnings.

US equity futures are up slightly, with the S&P 500 e-minis up 0.2% and Nasdaq 100 and Dow Industrials up 0.1%. This follows a day of positive corporate earnings reports and lingering hopes that the Federal Reserve will cut rates. The S&P 500, DJI, and Nasdaq Composite closed with gains of 0.12%, 0.01%, and 0.21% respectively, as reported by Reuters [1].

Key drivers include:
- Earnings Reports: Arista Networks (ANET) soared 13.6% after projecting quarterly revenue above analyst estimates. Global Payments (GPN) advanced 7.5% after topping second-quarter profit forecasts, and Match Group (MTCH), the parent of Tinder, jumped 11.3% after surpassing revenue expectations.
- Apple's Manufacturing Pledge: Apple Inc. (AAPL) rose 2.8% after a White House official confirmed the company's $100 billion domestic manufacturing pledge.
- Fed Rate Cut Expectations: Traders are betting heavily on a September Fed rate cut, with odds soaring to 89.4% from just 46.7% last week, according to CME Group's FedWatch tool [1].

However, some notable losers include:
- Advanced Micro Devices (AMD): The company tumbled 6.4% as its data center chip revenue disappointed.
- Super Micro Computer (SMCI): The stock plunged 16% after missing fourth-quarter sales estimates, dragging rival Dell (DELL) down 1.9%.

Meanwhile, the US services sector activity unexpectedly stalled in July, highlighting the Trump administration's tariff-related strain on businesses. President Trump announced plans for new levies on semiconductors and chips, adding to market uncertainty [2].

The markets will continue to focus on earnings reports and any fresh tariff or trade news. This week's data includes weekly initial unemployment claims and Q2 nonfarm productivity reports.

References:
[1] Reuters. (2025). DJISPXIXICANET. Retrieved from https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3TY15L:0-s-p-500-and-nasdaq-lifted-by-earnings-fed-hopes/
[2] Nasdaq. (2025). Stocks See Support from Earnings Reports. Retrieved from https://www.nasdaq.com/articles/stocks-see-support-earnings-reports