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Morning Dose #89: Markets React to Tariff Shock Pre-Market Panic – Friday 8/1/2025

By WaveRider AI1 min read

Key takeaways

  • Today’s market sentiment is bearish amid tariff fears and key economic data. Traders need to be cautious and focus on risk management in this volatile environment.

Morning Dose: Markets React to Tariff Shock Pre-Market Panic

A quick analysis of today’s market outlook and key trading opportunities to start your day.

Intro & Market Mood

Good morning traders and welcome to The Morning Dose – Everything You Need to Know Before the Market Opens for Friday, August 1st. Today’s market is facing a sharply lower open driven by significant tariff increases affecting major trading partners.

Overnight Headlines

  • Tariff Impact: The President signed an executive order increasing tariffs on Canada, Taiwan, and India, reshaping global trade.
  • Market Reaction: S&P 500 futures are down over sixty points, and Dow futures are off nearly four hundred.

Economic Announcements

Today is loaded with economic data releases:

  • 8:30 AM Eastern: July employment report
  • 10 AM: ISM Manufacturing Index & Consumer Sentiment

Earnings Highlights

  • Apple (AAPL): Beat earnings but flagged increasing tariff costs.
  • Amazon (AMZN): Traded down around eight percent due to cautious profit guidance.
  • Oil Companies: Chevron and Exxon Mobil beat on EPS and revenue.
  • Moderna: Beat expectations but lowered full-year revenue guidance.

Top Movers

Pre-market movers include:

  • Upside: 4D Molecular (FDMT) up over thirty-five percent; Reddit up almost fifteen percent.
  • Downside: Fluor (FLR) down more than twenty percent; Coinbase down over ten percent.

Quick Trade Ideas

Today’s strategy is caution and risk management:

  • Focus on names with confirmed momentum and solid support levels like Cloudflare (NET).
  • Watch for potential rebounds in leaders like AMD with tight stops to protect capital.