US Stock Market today: S&P 500, Nasdaq set for big gains, full list of stocks to watch out

US Stock Market indexes on Wall Street ticked up modestly Wednesday as investors pored over a slew of earnings reports to assess how companies have been affected by U.S. President Donald Trump’s tariffs. Futures for the S&P 500 were up 0.2 per cent while futures for the Dow Jones Industrial Average gained 0.3 per cent, Nasdaq futures rose 0.2 per cent.

McDonald's rose close to 4 per cent in early trading after the fast food giant beat Wall Street's second-quarter sales and profit targets, boosted by its “Minecraft”-themed meal promotion and an unexpectedly strong jump in same-store sales. McDonald's better-than-forecast results come after rivals like Yum Brands, the parent company of KFC, Taco Bell and Pizza Hut, missed revenue targets as same store sales declined 5 per cent in the U.S. Last month, Chipotle lowered its full-year same-store sales guidance after a disappointing second quarter that saw same-store sales fall 4 per cent.

Disney fell 2 per cent before the bell even after the entertainment company's profit and revenue climbed in its fiscal third quarter as it continued to add subscribers to its streaming service and saw a strong performance at its domestic theme parks.


Last night, the NFL announced that it had entered into a nonbinding agreement with Disney-owned ESPN, which will give the sports broadcaster the NFL Network, NFL Fantasy and the rights to distribute the RedZone channel. The NFL will get a 10 per cent equity stake in ESPN in the proposed deal.

Shares of the ride-hailing and delivery service Uber rose 1.6 per cent after it beat analysts' sales and profit targets. The company, whose shares are up more than 40 per cent this year, also announced a $20 billion stock buyback.

Reporting after the bell on Wednesday are DoorDash and Airbnb.

Stocks closed modestly lower Tuesday after a weaker-than-expected report on activity for U.S. businesses in services industries like transportation and retail added to worries that Trump’s tariffs may be hurting the U.S. economy. Conversely, such indicators raise hopes the Federal Reserve may cut interest rates before the end of the year.

Companies have been under pressure to report bigger profits after the U.S. stock market surged to record after record from a low point in April. The big rally fueled criticism that the broad market had become too expensive.

For stock prices to look like better bargains, companies could produce bigger profits, or interest rates could fall. The latter may happen in September, when the Fed has its next policy meeting.

Expectations have built sharply for a rate cut at that meeting since a report on the U.S. job market on Friday came in much weaker than economists expected. Lower interest rates would make stocks look less expensive, while also giving the overall economy a boost. The potential downside is that they could push inflation higher.

FAQs

Q1. What are top three indexes of US Stock Market?
A1. Top three indexes of US Stock Market are Dow Jones, Nasdaq, and S&P 500.

Q2. How are Disney stocks performing?
A2. Disney fell 2 per cent before the bell even after the entertainment company's profit and revenue climbed in its fiscal third quarter as it continued to add subscribers to its streaming service and saw a strong performance at its domestic theme parks.