Stock indexes are up today, with the S&P 500 (+0.90%), Dow Jones (+0.77%), and Nasdaq 100 (+1.28%) all in the green. Positive momentum is fueled by tech stocks and semiconductor chip makers, as expectations of a Fed rate cut increase to 90% for September meeting.

President Trump announced higher tariffs on Canadian goods and a global minimum tariff of 10%. Markets await earnings reports and fresh tariff news. T-note yields are down as Fed rate cut expectations rise. European government bond yields also fell, while the Eurozone investor confidence index declined unexpectedly.

Tech giants like Alphabet and Nvidia are up, along with chip stocks like AMD and Broadcom. Companies like Wayfair and Tyson Foods are also seeing gains. Meanwhile, Bruker Corp and ON Semiconductor are down after earnings reports. Earnings reports for various companies are expected on August 4, 2025.

Read more at Nasdaq: Stocks Supported by Fed Rate Cut Hopes