Stock Futures Rise, TSM, UAL, ABT, and PEP Among Biggest Movers

Stock futures rose slightly on Thursday, boosted by positive economic data, despite President Trump's denial of plans to fire Federal Reserve Chairman Jerome Powell. Key movers included Taiwan Semiconductor Manufacturing (TSM), United Airlines (UAL), Abbott Laboratories (ABT), and PepsiCo (PEP). The market's cautious optimism suggests a possible rebound from recent volatility.

Stock futures rose slightly on Thursday, boosted by positive economic data, despite President Trump's denial of plans to fire Federal Reserve Chairman Jerome Powell. The market's cautious optimism suggests a possible rebound from recent volatility. Key movers included Taiwan Semiconductor Manufacturing (TSM), United Airlines (UAL), Abbott Laboratories (ABT), and PepsiCo (PEP).

U.S. stock futures were lower at the start of the day, with the blue-chip Dow futures falling by -0.30%, broad S&P 500 futures slipping by -0.28%, and tech-heavy Nasdaq futures falling by 0.30% [1]. This was due to President Trump's announcement of a 30% tariff on goods from the European Union and Mexico, starting Aug. 1. The EU and Mexico are preparing to negotiate this month before the tariffs take effect, and the EU is considering retaliatory tariffs if no deal is reached [1].

Bitcoin rallied to a record high for a fourth time in the past week, jumping to $119,300 ahead of "Crypto Week," which begins July 14. Lawmakers will debate three key bills aimed at providing clear regulatory frameworks for digital assets, stablecoins, and blockchain technologies [1].

Later this week, investors will get another round of inflation data to comb through for signs of Trump's tariffs affecting consumer prices and the economy. Fed chief Jerome Powell is also under fire, with increasing pressure on him from the Trump administration. National Economic Council Director Kevin Hassett said Trump can fire Powell "if there’s cause," and Office of Management and Budget Director Russell Vought has criticized Powell's management of the Fed [1].

Earnings season is about to ramp up, with large banks like JP Morgan, Bank of America, and Goldman Sachs set to report this week. Tesla plans to poll shareholders on whether to invest in xAI, with SpaceX investing $2 billion into the Grok chatbot developer [1].

Taiwan Semiconductor Manufacturing (TSM) stock price today is 245.55, and the stock symbol for TSM is "TSM." TSM is listed and trades on the NYSE stock exchange. The stock price has seen a 27.72% increase in the last year, with analysts rating it as a "Strong Buy" [2]. The company has raised its dividend for four consecutive years and has a gross profit margin of 57.4% [2].

References:

[1] https://www.usatoday.com/story/money/markets/2025/07/14/us-stocks-monday-tariffs-fed-earnings/85172677007/
[2] https://ca.investing.com/equities/taiwan-semicond.manufacturing-co