US, Canada Futures Rise Ahead of Major Earnings, Trade Deadline

U.S. stock futures rose modestly as investors showed optimism about potential trade deals ahead of President Donald Trump's August 1 tariff deadline, with Commerce Secretary Howard Lutnick expressing confidence in striking a deal with the EU despite ongoing negotiations. The S&P 500 and Nasdaq futures hovered near record highs, supported by strong earnings reports, including Verizon's better-than-expected results and raised profit outlook. Market focus is on upcoming earnings from major tech companies like Alphabet and Tesla, which could influence Wall Street's trajectory. Meanwhile, concerns linger over cybersecurity, highlighted by a Microsoft server software attack warning. Canadian markets also edged higher on trade optimism, while Japan's political developments and fiscal stimulus measures impacted the yen and global markets. Investors largely look past tariff threats, betting on solid economic data and corporate earnings to sustain market gains.