Markets pushed higher across the board yesterday, driven by strong earnings and bullish momentum in tech. Apple ($AAPL) led the charge with a breakout move after a massive U.S. investment announcement, helping the S&P 500, Dow, and NASDAQ extend their weekly gains.
🍏 Apple Surges on $100B U.S. Investment News
Apple shares soared over 5%, continuing their rally in the premarket, after the White House confirmed the company will invest an additional $100 billion in U.S. manufacturing over the next four years—bringing its total domestic commitment to $600 billion.
This aligns Apple more closely with President Trump’s economic agenda and could protect the company amid intensifying tariff threats, including a 100% semiconductor tariff that exempts U.S.-built chips.
🧠 OP Takeaway: The move positions Apple not just for policy protection, but for increased market share and public investment sentiment. We’re seeing breakout setups across $AAPL and related plays in Secret Sauce and AC&I streams.
📈 Index Recap (Week-to-Date Gains):
- S&P 500: +1.7%
- NASDAQ Composite: +2.5%
- Dow Jones Industrial Average: +1.4%
🔥 More Earnings Today:
With Q2 earnings season winding down, over 80% of reporting S&P 500 companies have beaten EPS estimates so far. Today’s key names:
Before the bell:
- Eli Lilly ($LLY)
- Warner Bros Discovery ($WBD)
After hours:
- Block ($XYZ)
- Pinterest ($PINS)
- Plus: $TTD, $RKLB, $SOUN, $SMR, $TWLO
Notable Movers:
- DoorDash ($DASH) jumped after a strong beat on demand resilience.
- Airbnb ($ABNB) dropped on weaker growth guidance.
- Rogers Corp ($ROG) surged after activist investor Starboard Value disclosed a 9% stake.
🧾 Trump’s Trade Tensions Escalate:
- Trump imposed a 25% tariff on India, doubling total levies to 50%, citing their continued oil imports from Russia.
- Semiconductor imports are in focus, with a proposed 100% tariff, exempting U.S.-made chips. That’s a bullish tailwind for domestic fabs like Intel ($INTC) and GlobalFoundries ($GFS).
- Trump is also threatening secondary sanctions on China if Moscow doesn’t strike a peace deal by September.
🧠 OP Insight: These developments are causing sector rotations and volatility, perfect for Secret Sauce breakout trades and cost-free long stacking using gains from swing setups.
🛢️ Oil Bounces Back on Strong Demand
- Brent up to $67.22
- WTI up to $64.67
Supported by a 3M barrel draw in U.S. crude inventories and steady demand, despite macro worries about Russian oil returning if peace talks progress.
🧾 Fed & Economic Watch
- Initial Jobless Claims expected at 221,000
- Market now pricing in a 94% chance of a Fed rate cut in September (up from 48% just a week ago)
Fed policymakers remain split, but weaker jobs data + tariff fears are tilting the odds toward easing.
🧠 OP Focus: Market Outlook & Strategy
- $QQQ closed at 567.32, up 1.26%, and pushing toward all-time highs above 574.63
- We’re watching key sentiment drivers today from earnings and jobless data
- Bitcoin trades ~$114.6k
- Gold at ~$3,445/oz
- Silver at ~$38.2/oz
🔥 Today’s Economic Data:
🇺🇸 Initial Jobless Claims @ 8:30AM ET
🇺🇸 Nonfarm Productivity (Q2) @ 8:30AM ET
🇺🇸 Unit Labour Costs (Q2) @ 8:30AM ET
🇺🇸 FOMC Member Bostic Speaks @ 8:30AM ET
🇺🇸 Atlanta Fed GDPNow (Q3) @ 1PM ET
🇺🇸 30Y Bond Auction @ 1PM ET
🇺🇸 Fed’s Balance Sheet @ 4:30PM ET
👀 OP Member Note:
📌 I’ll be buying this INTC dip. Seen this movie before 😉
Join us in AC&I Live today with Tracks, and don’t miss out on the breakouts forming across key names.
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