5 Things to Know Before the Stock Market Opens (July 23, 2025)

#### Market Overview

US stock futures are trending higher following President Trump's announcement of a trade agreement with Japan. The S&P 500 futures have increased by 0.3% following a series of record highs. Dow Jones Industrial Average futures have increased by 0.5% during premarket trading, while Nasdaq futures have increased by 0.2%. The price of Bitcoin (BTCUSD) is slightly lower, trading close to $118,700. The yield on the 10-year Treasury note is slightly up at 4.36%. Oil and gold futures are slightly declining.

#### Tech Earnings Preview

Tesla (TSLA) and Alphabet (GOOGL) are scheduled to release their respective earnings reports following the market's closure today. According to analyst estimates from Visible Alpha, Tesla is anticipated to report a quarterly revenue decrease of more than 10% due to the EV manufacturer's quarterly delivery numbers falling short of expectations. Alphabet, on the other hand, is projected to report rising revenue and profits. During premarket trade, there was little change in the values of Tesla and Alphabet shares.

#### Trade Agreement Details

President Trump declared a trade agreement with Japan that would impose a 15% tariff on exports from that country to the United States, providing a respite from the 25% tariffs Trump had threatened before the August 1 deadline. According to the agreement, Japan will invest $550 billion in the United States and "open" its country to products manufactured in the United States, including automobiles and agricultural products like rice, according to Trump. Shares of Japanese automakers increased as a result of the news; Toyota's (TM) shares, which are listed in the United States, increased by more than 12% in premarket trading.

#### Meme Stock Surge

GoPro (GPRO), a camera manufacturer, and Krispy Kreme (DNUT), a doughnut manufacturer, are seeing their shares soar in premarket trading as investors flock to the most recent meme stocks. In early trading, GoPro shares are up nearly 50%, while Krispy Kreme shares are up over 30%, despite the fact that there is little news regarding the companies. The surge occurs at the same time as other meme stocks, such as Kohl's (KSS) and Opendoor Technology (OPEN), have recently taken off. Eric Jackson, a hedge fund manager, is hoping Opendoor's stock could reach $82 a share, which means it would need to climb more than 2,450%.

#### Economic Impact

Treasury Secretary Scott Bessent stated that the Federal Reserve should be subjected to an examination that is existential in nature. Bessent stated that the central bank's capacity to fulfill its objective needs to be examined critically, and he added that an organization such as the Federal Aviation Administration would face scrutiny if it performed in a manner comparable to the Fed's performance.

Tech earnings, the US-Japan trade deal, egg supply, healthy soda offerings and meme stock resurgence.

The deal introduces tariffs and investment flows that could shift market dynamics, particularly in the automotive and agricultural sectors.

Meme stocks are driven by social media hype and short-covering, leading to rapid and often unpredictable price movements.

Do you think these trends will last? Let us know! Share this article with others who need to stay ahead of this trend!