| U.S. stock futures climbed this morning, supported by a strong earnings season and Apple’s $100B pledge in U.S. manufacturing, now totaling $600B. At 05:55 ET, Dow futures were up 240 pts, S&P 500 +0.7%, and Nasdaq +0.7%. The S&P 500 is up 1.7% week-to-date. Apple’s gains helped boost sentiment, despite fresh 25% tariffs on India and looming 100% semiconductor tariffs (excluding U.S.-based manufacturers) from President Trump. Over 80% of Q2 earnings reports have beaten expectations. Watch for key earnings today from Eli Lilly, Warner Bros Discovery, Block, and Pinterest. In extended trading, DoorDash rose on strong results, while Airbnb dropped on weak guidance. Oil prices rebounded 0.5% following a 3M barrel draw in U.S. inventories. Initial jobless claims, expected at 221,000, and the Fed’s potential rate cut in September (94% chance priced in) remain in focus
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