Morning Brief Stocks rise as tariffs loom, tech earnings, crypto surges
US stock futures point to gains as investors brace for the Aug. 1 tariff deadline and look ahead to key earnings from Alphabet (GOOGL) and Tesla (TSLA). Commerce Secretary Lunik says tariffs will take effect even if negotiations continue, but the Treasury hints at some flexibility. Fed Chair Powell is set to speak before next week’s policy meeting as internal debate on rate cuts continues. The Genius Act heads to Trump’s desk, sending crypto’s market cap above $4 trillion—ethereum rallies, while Trump Media’s (DJT) bitcoin holdings draw scrutiny. Verizon (VZ), Alaska Airlines (ALK), and Microsoft (MSFT) are among trending tickers.
Takeaways:
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Tariff deadline nears as trade talks continue; tech earnings in focus
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Crypto assets top $4T as the Genius Act passes; ethereum and bitcoin surge
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S&P 500 climbs; investors weigh Mag 7 vs. broader market opportunities
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