Elaine Kaltenbach and Matt Ott, business writer for the Associated Press
Wall Street was poised to open profitably on Monday before a busy week of corporate revenue reports.
The S&P 500 futures, the Dow Jones Industrial Average and the Nasdaq all rose more than 0.2% before the Bell.
The market has been stable since the spring, with President Donald Trump’s tariff announcements and pullbacks sending out a market that is daily, sometimes violently shaking.
Trump has pushed back the deadline for most countries to negotiate with tariffs by August 1st.
Despite the pizza chain missed Wall Street sales and profit targets, Domino’s pizza rose 5.2% in pre-market transactions on Monday after winning strong same store sales in the US on Monday.
Verizon rose 4.6% after the phone and broadband giant defeated analyst sales and profit targets and raised guidance for the full year.
Other companies reporting this week include General Motors, Coca-Cola, Tesla and Google’s parent alphabet.
This week we also bring you updates on U.S. home sales, unemployment claims and manufacturing.
Bitcoin rose more than 1% early on Monday to over $118,500, up from its all-time high. Trump signed the law on Friday. This sets up the initial guardrail and consumer protection for Stablecoins, a kind of cryptocurrency tied to assets like the US dollar to reduce stability.
Elsewhere, at noon in Europe, the German DAX was 0.1% lower, while the Paris CAC 40 slipped by 0.4%. The UK FTSE 100 was essentially flat.
The market was closed due to a holiday in Japan. The market lost the coalition majority in both chambers of Congress for the first time since 1955, following Sunday’s Senate election and the loss of a House majority in October.
Isba’s prime minister vowed to stay after being dissatisfied with rising prices and political instability by voters. Analysts said he hopes his weakened government will raise spending and increase Japan’s large debt burden.
Japan also faces a total 25% tariff leviation in exports to the US as it appears that there is little progress in talks with the Trump administration.
“We hope that short-term political instability will intensify due to the possibility of a majority coalition, leadership change and potential deadlock in trade negotiations,” said Peter Hofrich of BMI, part of the Fitch Group.
“Without a structural reset through the SNAP election, Japan is likely to face a long-term policy drift throughout 2026,” he said.
China’s stocks went on after the central bank maintained prime interest rates for its 1 and 5-year major loans without changing. Hong Kong’s Hangsen rose 0.7% to 24,994.14, while the Shanghai Composite Index rose from 0.7% to 3,559.79.
Recent improved economic data has put pressure on China’s leadership to ease credibility. Meanwhile, President Donald Trump’s administration has eased criticism of Beijing and raised hopes that both sides could resolve the trade deal and avoid the imposition of sharp tariffs on Chinese imports.
After the government reported slight improvements in exports in June, South Korea’s Kospi scored 3,210.81 from 0.7%.
In Australia, the S&P/ASX 200 went from 1% to 8,668.20, while Taiwan’s Taiex fell by 0.2%. In India, Sensex rose 0.3%. Bangkok sets increased by 0.2%.
Earlier on other Mondays, US benchmark crude reversals profits, essentially at $66.05 per barrel. International standard Brent Crude lost 8 cents per barrel at $69.20.
The US dollar fell from 147.98 yen to 147.55 days. The euro rose from $1.1629 to $1.1667.
Original issue: July 21, 2025 8:29am EDT
