U.S. stock futures are showing modest gains this Tuesday, August 5, 2025, indicating a continuation of the positive momentum seen in Monday's trading session. This upward movement comes as investors continue to digest a fresh wave of corporate earnings reports and maintain optimism regarding potential interest rate cuts by the Federal Reserve later this year. The market's resilience follows a challenging end to last week, which was marked by a weaker-than-expected jobs report and renewed concerns over escalating tariff policies.
Premarket Activity and Futures Movements
As of early Tuesday, futures tied to the major U.S. indexes are inching higher. Nasdaq 100 futures (NDX) were up approximately 0.16%, Dow Jones Industrial Average (DJIA) futures saw a modest rise of about 0.05%, and S&P 500 (SPX) futures climbed around 0.10% at 5:00 a.m. EST. Later in the premarket, S&P 500 futures rose 0.3% and Nasdaq 100 futures gained 0.4%, while the Dow Jones hovered near the flatline. The S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust ETF (QQQ), which track the S&P 500 and Nasdaq respectively, were also trading higher by 0.11% and 0.17% in pre-market.
In the commodities market, crude oil futures are trading lower in the early New York session, declining by 1.00% to hover around $65.63 per barrel. Gold Spot US Dollar is also down slightly by 0.23%, trading at $3,365.27 per ounce. The U.S. Dollar Index (DXY), which measures the dollar against a basket of currencies, is up 0.17% at 98.949.
Major Index Performance and Market Trends
Monday saw a significant rebound across the board, with all three major U.S. stock indexes posting strong gains, effectively erasing much of Friday's losses. The S&P 500 surged 1.47%, snapping a four-day losing streak. The Nasdaq Composite advanced by 1.95%, and the Dow Jones Industrial Average climbed 1.34%, gaining approximately 585 points. This strong performance was largely attributed to investors "buying the dip" following last week's downturn, which was fueled by an underwhelming July jobs report and concerns over President Donald Trump's intensifying tariff policies.
Despite the recent rally, some analysts caution that August has historically been a volatile month for the markets. Ryan Detrick, Chief Market Strategist at the Carson Group, advises investors to "plan for some potential volatility in August" while maintaining a bullish outlook for the latter half of 2025. The prevailing sentiment in the market is that the Federal Reserve may be compelled to cut interest rates at its September meeting, especially after the Bureau of Labor Statistics (BLS) announced that May and June's nonfarm payrolls were overstated by 285,000 jobs.
Upcoming Market Events
Today's economic calendar includes several key data releases that investors will be closely monitoring. The U.S. International Trade in Goods and Services (Trade Balance) report is due at 8:30 AM ET, providing insights into the nation's import and export activity. At 10:00 AM ET, the ISM Services Business Activity (ISM Non-Manufacturing) index will be released, offering a crucial look into the health of the non-manufacturing sector. Additionally, the Consumer Credit Panel report is scheduled for 11:00 AM ET. Looking further into the week, global services and composite PMI data will be released, offering valuable insights into industry performance amidst recent tariff updates. The broader August economic calendar also includes significant releases such as the Consumer Price Index (CPI) on August 12, the Producer Price Index (PPI) on August 14, and the release of the FOMC Minutes on August 20.
The earnings season continues to be a major driver of market activity. Several prominent companies are reporting their second-quarter results today. Before the market open, investors are watching reports from industrial giant Caterpillar Inc. (CAT), pharmaceutical leader Pfizer Inc. (PFE), and power management company Eaton Corp PLC (ETN). Other notable companies reporting before the bell include Duke Energy Corporation (DUK), TransDigm Group Inc. (TDG), Apollo Global Management Inc. (APO), Marriott International Inc. (MAR), Zoetis Inc. (ZTS), MPLX LP (MPLX), Marathon Petroleum Corp. (MPC), Cummins Inc. (CMI), and Public Service Enterprise Group Inc. (PEG). After the market closes, highly anticipated reports are expected from biotech firm Amgen Inc. (AMGN), networking hardware provider Arista Networks Inc. (ANET), and semiconductor giant Advanced Micro Devices Inc. (AMD). Social media company Snap Inc. (SNAP) and electric vehicle manufacturer Rivian Automotive Inc. (RIVN) are also slated to release their earnings after hours.
Major Stock News and Developments
Corporate news continues to shape individual stock movements. Palantir Technologies Inc. (PLTR) saw its shares surge over 4% on Monday and continue to climb more than 5% in pre-market trading today, following its strong second-quarter results where it exceeded expectations and reported quarterly revenue exceeding $1 billion for the first time. Conversely, Hims & Hers Health, Inc. (HIMS) experienced a significant downturn, plunging over 12% on Monday and falling another 15% in pre-market trading, after its second-quarter revenue report fell short of consensus estimates and the company provided weak guidance.
IDEXX Laboratories Inc. (IDXX) was a standout performer on Monday, with its stock soaring 27.49% to hit a 52-week high after the veterinary diagnostics firm reported stronger-than-expected second-quarter results and raised its full-year guidance.
In earnings news today, Caterpillar Inc. (CAT) released its second-quarter 2025 results, reporting profit per share of $4.62 (adjusted $4.72) on sales of $16.6 billion, a slight decrease of 1% compared to the same period last year. Despite the earnings, the stock slipped 1% in premarket trading. Pfizer Inc. (PFE) is also reporting its second-quarter results, with the stock trading marginally higher by 0.74% in pre-market.
In other significant corporate developments, Tesla, Inc. (TSLA) made headlines after its board approved a new $29 billion share award for CEO Elon Musk. This move comes after a U.S. court previously struck down his 2018 pay package, and is seen as an effort to incentivize Musk to remain focused on the company, especially amidst an intensifying "war for AI talent." Tesla shares had risen 1.6% on Monday following the announcement.
Meanwhile, Vertex Pharmaceuticals Inc. (VRTX) saw its shares fall 14% in premarket trading. This decline occurred despite the company beating earnings expectations, as it announced the discontinuation of its VX-993 pain treatment development after tests failed to meet goals. Dana Incorporated (DAN) announced its second-quarter 2025 financial results, reporting sales of $1.95 billion from continuing operations and raising its full-year guidance. Ahold Delhaize (ADRNY) provided an update on its share buyback program, having repurchased 250,000 common shares in the period from July 28 to August 1, 2025.
In post-earnings movements from Monday, Tyson Foods, Inc. (TSN) gained 2.4% after beating its third-quarter fiscal 2025 earnings estimates, and Wayfair Inc. (W) surged 12.7% following robust second-quarter earnings. Conversely, TG Therapeutics, Inc. (TGTX) tumbled 18% after its second-quarter earnings missed estimates, and ON Semiconductor Corporation (ON) plunged 10.2% after merely matching profit estimates and signaling only early signs of customer demand stabilization.
As the trading day progresses, market participants will closely monitor incoming economic data and the ongoing flow of corporate earnings, which will undoubtedly shape the narrative for the rest of the week.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.