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07.08.202512:55:19UTC+00US Stocks to Open Higher

US stock futures experienced an uptick on Thursday as investors digested the latest developments in tariffs and corporate announcements. Specifically, futures for the S&P 500 increased by 0.6%, the Nasdaq 100 advanced by 0.7%, and Dow Jones futures rose by nearly 190 points. The market was positively influenced by President Trump's revelation of a 100% tariff on imported semiconductors, with the exception of those produced by companies manufacturing domestically. This announcement led to premarket trading gains for Nvidia and AMD, with increases of 1.4% and 2.2%, respectively. Apple also saw a 2.8% rise, following its disclosure of an additional $100 billion investment in the United States. Meanwhile, a comprehensive set of tariffs impacting nearly all US trading partners was enacted today. Optimism about potential progress in the Ukraine-Russia conflict further supported the markets. In corporate news, Eli Lilly shares plunged by 8% during premarket trading after the release of underwhelming study results for its weight-loss pill. Additionally, Intel saw a decline of more than 3% after President Trump publicly called for the resignation of its CEO.

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