{"id":51161,"date":"2025-08-07T19:53:09","date_gmt":"2025-08-07T19:53:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/51161\/"},"modified":"2025-08-07T19:53:09","modified_gmt":"2025-08-07T19:53:09","slug":"5-things-to-know-before-the-stock-market-opens-6","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/51161\/","title":{"rendered":"5 Things to Know Before the Stock Market Opens"},"content":{"rendered":"

U.S. stock futures are pointing higher as President Donald Trump’s new “reciprocal” tariff rates on dozens of trading partners went into effect; Eli Lilly (LLY<\/a>) shares are plummeting despite a strong quarterly earnings report after it posted disappointing results of its oral weight-loss pill; Duolingo (DUOL<\/a>) stock is soaring after its earnings beat estimates and it raised its guidance on bookings; and DoorDash (DASH<\/a>) shares are surging after it set several quarterly records. Here’s what investors need to know today.\n<\/p>\n

1. US Stock Futures Point Higher as New Tariff Rates Kick In <\/p>\n

U.S. stock futures are pointing higher as President Donald Trump’s “reciprocal” tariffs went into effect early Thursday. Nasdaq<\/a> futures are up 0.8% after the tech-heavy index closed 1.2% higher in the prior session<\/a>. S&P 500<\/a> and Dow Jones Industrial Average<\/a> futures are up 0.6% apiece. Bitcoin (BTCUSD<\/a>) is 1% higher to trade at over $116,000. The yield on the 10-year Treasury note is edging higher, while oil and gold futures are also gaining.\n<\/p>\n

2. Trump Celebrates New ‘Reciprocal’ Tariff Rates Taking Effect <\/p>\n

Trump celebrated the arrival of his Aug. 7 tariffs deadline<\/a>, writing on his Truth Social network just before midnight that “BILLIONS OF DOLLARS IN TARIFFS ARE NOW FLOWING INTO THE UNITED STATES OF AMERICA!” The arrival of the deadline means new tariff rates are going into effect<\/a> on dozens of trading partners. Switzerland will notably face a 39% tariff, which could hit prices for Nespresso products and watches<\/a>, and India will face an additional 25% duty<\/a> on top of the previously announced 25% for continuing to purchase oil from Russia.\n<\/p>\n

3. Eli Lilly Stock Sinks as Oral Weight-Loss Drug Trial Results Underwhelm Investors <\/p>\n

Eli Lilly (LLY<\/a>) shares are 8% lower in premarket trading after tests of its oral weight-loss drug in a Phase 3 trial<\/a> failed to impress investors, even as the drugmaker reported better-than-expected second-quarter results and raised its outlook.\u00a0Lilly said its oral GLP-1 drug orforglipron “lowered weight by an average of 12.4% (27.3 lbs) compared to 0.9% (2.2 lbs) with placebo.” Meanwhile, Lilly’s Q2 adjusted earnings per share of $6.31 on revenue that jumped by 38% to $15.56 billion beat Visible Alpha estimates, and it raised its full-year revenue and profit guidance.\n<\/p>\n

4. Duolingo Stock Soars on Strong Results, Lifted Outlook <\/p>\n

Duolingo (DUOL<\/a>) shares are soaring nearly 25% in premarket trading after the language learning app posted strong second-quarter results and raised its full-year outlook. Duolingo posted earnings per share<\/a>\u00a0of $0.91 on revenue that jumped 41% year-over-year to $252.3 million. Analysts surveyed by Visible Alpha had expected $0.58 and $240.8 million, respectively. “Based on our Q2 results and what we\u2019re seeing so far in the third quarter, we’re raising our full-year bookings guidance” to grow 32% at the midpoint, Duolingo said.\n<\/p>\n

5. DoorDash Stock Surges as Food-Delivery Firm Sets Several Quarterly Records <\/p>\n

DoorDash (DASH<\/a>) shares are jumping 9% in premarket trading after the food-delivery firm generated new quarterly records for total orders, marketplace gross order value (GOV), revenue, and GAAP net income in the second quarter. DoorDash reported EPS of $0.65 on revenue that increased 25% year-over-year to $3.28 billion, both ahead of estimates of analysts surveyed by Visible Alpha. Total orders rose 20% to 761 million and marketplace GOV of $24.2 billion also topped projections.<\/p>\n","protected":false},"excerpt":{"rendered":"U.S. stock futures are pointing higher as President Donald Trump’s new “reciprocal” tariff rates on dozens of trading…\n","protected":false},"author":2,"featured_media":51162,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,63,99,171],"class_list":{"0":"post-51161","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-markets"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/51161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=51161"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/51161\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/51162"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=51161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=51161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=51161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}