Tonight’s Highlights | Market Outlook Positive, U.S. Stock Futures Rise, Palantir Up Nearly 7% Pre-Market

On Tuesday, U.S. stock index futures rose, and major European indices also posted broad gains.  

 

 

Following last Friday’s sharp decline, market sentiment has continued to recover, bolstered by growing confidence in the Federal Reserve’s imminent rate cuts and solid overall corporate earnings performance.  

 

According to the CME FedWatch Tool, investors now see an 88% chance of a rate cut next month, up from 63% a week ago.  

 

FactSet data shows that 370 S&P 500 companies have reported earnings, with over 81% exceeding market expectations.  

 

“We must respect the current momentum trend in the market; we’re still in a very strong upward channel,” said Cameron Dawson, chief investment officer at NewEdge Wealth. “However, volatility in August isn’t surprising as we enter this period.”  

 

Statistically, August has been the worst-performing month for the Dow on average since 1988 and the second-worst for the S&P 500 and Nasdaq.  

 

 

Palantir’s pre-market stock price rose nearly 7%, with the company reporting its revenue surpassing $1 billion for the first time.  $PLTR 

 

 

Hims & Hers Health saw its pre-market stock plummet over 9% after second-quarter revenue fell short of Wall Street expectations.  $HIMS 

Company News  

Pfizer Q2 Revenue Hits $14.7 Billion, Up 10%  

 

On August 5, Pfizer released its Q2 2025 earnings report, posting $14.7 billion in revenue, a 10% year-over-year increase, with adjusted diluted EPS at $0.78.

 

Pfizer reaffirmed its 2025 full-year revenue guidance of $61 billion to $64 billion and raised its adjusted diluted EPS guidance by $0.10, to $2.90 to $3.10. Pfizer shares rose over 2% pre-market.  

 

Toyota’s Woven City Tech Trial to Launch September 25  

 

Toyota recently announced that its next-generation tech trial city, Woven City, under construction in Susono, Shizuoka Prefecture, Japan, will open on September 25.

 

Initial residents, primarily Toyota affiliates, will move in, with the first phase (about 47,000 square meters) eventually housing around 360 people.

 

Starting in fiscal 2026, the city will welcome general visitors. Toyota also revealed 12 new participating companies, including space innovator Interstellar Technologies, Denso, Toyota Motor East Japan, and Toyota Motor Kyushu, among other group firms.  

 

VinFast Electric Vehicle Assembly Plant Opens in India, Capacity Up to 150,000 Units  

 

On August 4 local time, Vietnamese electric vehicle maker VinFast held an official opening ceremony for its assembly plant in the SIPCOT Industrial Park, Tamil Nadu, India.  

 

The Tamil Nadu plant is VinFast’s fifth global project and third operational production base, marking its first factory outside Vietnam.  

 

Upon full operation, it is expected to create 3,000 to 3,500 direct jobs and thousands of indirect jobs locally. Initially, the plant will assemble the VF 7 and VF 6 electric SUV models, with an initial annual capacity of 50,000 units, scalable to 150,000 to meet growing demand.