US stocks have opened higher, and Bitcoin held the $114,000 level as Wall Street continued to support corporate revenue amid continuing uncertainty over trade transactions.
summary
- Stocks opened slightly higher as investors focused on key corporate earnings outcomes.
- Tariffs are focused amid the deadline of August 7th.
The benchmark S&P 500 opened 0.3% higher, while the Nasdaq added 0.5%, while the Dow Jones Industrial Average rose 38 points.
Meanwhile, Bitcoin (BTC) continued hovering for nearly $114,000. There, they held most of the week as the pressure to sell continued. Bitcoin hit an all-time high of over $123,000 in July 2025.
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Airbnb, other focus revenues
Sentiment remains bright across the stock market as the revenue season drives key profits for mega-cap companies. With tech stocks leading in recent weeks, Wall Street cheered on the latest revenue beat from Disney (DIS).
The company's third quarter results attracted attention after being estimated by strong performance in the parks and streaming segments. Disney's sports and entertainment arm, ESPN has signed a five-year, $325 million contract with WWE, bringing premium events to the network, including WrestleMania, The Royal Rumble and Summerslam.
It also took investors to spend time on the revenues of advanced microdevice, McDonald's and Uber. AMD shares fell 5% after earnings per share missed estimates, while Uber shares rose as they revealed a $20 billion share buyback plan in the earnings beat. On the downside, Snap sank 20% after missing out on revenue.
The revenue season continues today, with top names reported including Airbnb (ABNB), Doordash (Dash) and Lyft (Lyft).
Deadline
Investors are focusing on trade development ahead of the August 7 deadline for President Donald Trump's new tariffs to come into effect. One country scrambles to make a trade is Switzerland. Switzerland is in Washington as its president is trying to avoid a 39% tariff.
The headlines also include President Trump's plans to announce Apple's $100 billion domestic investment. The company is pursuing transactions to avoid further customs related penalties.
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