Stock Market Update
04-Aug-26 09:13 ET
Futures point to higher open as oil eases, semiconductors pick up momentum
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +4.00. Nasdaq futures vs fair value: +227.00.
Equity futures point to a higher opening as easing oil prices and renewed momentum across semiconductor names have the major averages on the doorstep of fresh record highs.
On the data front, the trade deficit narrowed to $73.3 billion in June (Briefing.com consensus: -$73.0 billion) from $77.6 billion in May. Both exports and imports declined month-over-month, but the narrowing deficit was the result of imports (-$7.3 billion) declining more than exports (-$2.9 billion).
The key takeaway from the report is that, while the real goods deficit narrowed to $94.5 billion in June from $99.8 billion in May, the Q2 average is still 18% greater than the Q1 average, so it will be factored as a drag on Q2 GDP.
