Stock market today: Live updates

U.S. President Donald Trump said there is a 50-50 chance that the United States would reach a trade agreement with the European Union, as he spoke to reporters ahead of his trip to Scotland.

“The trade deal with the EU, I would say that we have a 50-50 chance, maybe less than that, but a 50-50, chance of making a deal with the EU, and it’ll be a deal where they have to buy down their tariffs, because they’re right now at 30% and they’ll have to buy them down maybe, or they could lead them the way they are,” Trump said on Friday.

Trump added that he believes the U.S. has a 25% chance to make a trade deal with Japan.

— Pia Singh

Inflows resumed into bitcoin ETFs on Thursday totaling about $226 million for the day, following three consecutive days of outflows, as ether ETFs saw inflows of $231 million and their 15th day in a row of inflows.

“This divergence suggests a growing belief that ETH is better positioned and would continue to outperform bitcoin in the near term due to its accelerating institutional demand and the critical role it plays in supporting critical on-chain infrastructure like tokenized assets, stablecoins, and the TradFi-DeFi convergence,” said Shawn Young, chief analyst at crypto exchange MEXC. “Ether could then lead a capital rotation rally across high-beta altcoins if macro conditions stabilize and a liquidity boost like a dovish FED policy pivot happens.”

Bitcoin ETFs have seen about $58.64 million in outflows so far this week and are heading for their first week of net outflows since early June, versus ether funds’ $1.39 billion in weekly inflows.

— Tanaya Macheel

Stocks traded up on Friday morning.

The S&P 500 ticked up 0.1% shortly after the opening bell, as did the Nasdaq Composite. The Dow Jones Industrial Average also gained 54 points, or 0.1%.

— Sean Conlon

Check out the companies making headlines before the bell:

Intel — Shares of the chipmaker dropped more than 7% after Intel said it will cut 15% of its workforce and slashed plans for chip factory construction in an attempt to revitalize its AI strategy. Intel topped second-quarter revenue results, posting $12.86 billion in revenue that beat the $11.92 billion expected by analysts surveyed by LSEG, and lost an adjusted 10 cents per share.Paramount — The owner of CBS television rose more than 1% in early trading Friday after the Federal Communications Commission on Thursday approved an $8 billion merger between Paramount and Skydance Media.Centene — The managed care provider plunged 14% after a quarterly loss that saw membership decline across its Medicaid and Medicare businesses. Centene posted a second-quarter adjusted loss of 16 cents per share, while analysts polled by FactSet expected earnings of 11 cents per share. Revenue of $48.7 billion topped analysts’ expectations of $44.1 billion, per FactSet. Centene’s chief executive said the company is “disappointed” by the results and “working with urgency and focus to restore our earnings trajectory.”

For the full list, read here.

— Pia Singh

Federal Reserve officials followed up President Donald Trump’s historic visit Thursday with a statement expressing gratitude, despite the confrontational undertones of the event.

“The Federal Reserve was honored to welcome the President yesterday for a visit to our historic headquarters,” a spokesperson said, also noting that Sens. Tim Scott (R-S.C.) and Thom Willis (R-N.C.) attended as well.

“We are grateful for the President’s encouragement to complete this important project,” the official added. “We remain committed to continuing to be careful stewards of these resources as we see the project through to completion.”

Trump used the visit both to offer input on the $2.5 billion renovation project as well as to encourage the Fed to lower interest rates.

— Jeff Cox

Shares of AutoNation gained almost 3% in premarket trading on Friday after its second-quarter earnings and revenue topped analyst estimates.

AutoNation reported adjusted earnings of $5.46 per share on revenue of $6.97 billion, while analysts polled by FactSet were looking for $4.70 per share and $6.86 billion in revenue.

The company’s same-store revenue also rose 8% compared to the prior-year period, coming in at $6.9 billion.

The move higher comes as the stock has outpaced the S&P 500’s more than 8% gain this year with a rise of about 18%.

— Sean Conlon

Wall Street analysts remain lukewarm on Intel, after the chipmaker reported its second-quarter results on Thursday afternoon.

In its last quarter, Intel registered an adjusted loss of 10 cents per share. But the company’s $12.86 billion revenue beat the $11.92 billion analysts polled by LSEG had expected.

But despite this revenue beat, no analysts were resoundingly optimistic on the stock going forward. In fact, Bank of America analyst Vivek Arya chalked up this sales beat due to “conservative expectations setting around tariffs, with Q3 guided sub-seasonal due to those same lingering concerns.”

“INTC’s strategic direction, growth strategy and manufacturing direction remain unclear,” the analyst added. “The company is simultaneously dealing with tough competition (AMD, ARM), lack of an AI pipeline, and a capex-intensive manufacturing business that continues to generate heavy losses and which remains well-behind industry leader TSMC that is rapidly building a U.S. presence.”

Arya reiterated his neutral rating and $25 price objective on the stock, implying a 10% upside ahead for Intel.

Similarly, Barclays analyst Tom O’Malley said that he wouldn’t buy the dip here. O’Malley also has a neutral rating on the stock, while his $19 price target is approximately 16% lower than Intel’s current trading price.

“The company provided few details on its AI plan and has meaningful ground to make up in whichever avenue it pursues,” he wrote. “Net-net, there are still more questions than answers and we stay on the sidelines until we get more clarity on long-term plans.”

— Lisa Kailai Han

Booz Allen Hamilton shares jumped nearly 3% in the premarket Friday after the company’s first-quarter earnings for its fiscal year 2026 surpassed Wall Street’s expectations.

The company posted adjusted earnings of $1.48 per share, beating the $1.45 per share that analysts polled by FactSet were expecting. Revenue, however, came up short, as the company’s $2.92 billion for the period missed the consensus estimate of $2.95 billion.

Booz Allen Hamilton also reaffirmed its guidance for the full year.

India expects to secure “preferential” tariffs from the United States that are better than those achieved by its economic rivals, according to India’s Commerce and Industry Minister Piyush Goyal.

Goyal, who led the negotiations on the U.K.-India trade agreement, signaled a confident approach from New Delhi in ongoing trade talks with Washington.

Read the full story here.

— Ganesh Rao

Shares of Paramount jumped nearly 2% in after-hours trading Thursday after the Federal Communications Commission greenlit the $8 billion merger deal between Paramount and Skydance Media.

“Americans no longer trust the legacy national news media to report fully, accurately, and fairly,” wrote FCC Chairman Brendan Carr in a statement. “It is time for a change. That is why I welcome Skydance’s commitment to make significant changes at the once storied CBS broadcast network.”

— Sarah Whitten, Sean Conlon

Some stocks are making moves in extended trading Thursday:

Intel – Shares of the chipmaker inched up less than 1% in extended trading. That’s after the company’s second-quarter revenue of $12.86 billion topped the $11.92 billion that analysts surveyed by LSEG were expecting for the period. The company’s third-quarter revenue guidance also surpassed analyst estimates.Deckers – Shares of the shoe manufacturing company climbed 6%. Fiscal first-quarter results surpassed analysts’ estimates, with earnings landing at 93 cents a share on revenue of $965 million. LSEG consensus estimates called for earnings of 68 cents per share and $901 million in revenue. Deckers said it saw better-than-expected sales from its Hoka and Ugg brands.Boyd Gaming – The casino operator saw shares rise more than 1% in extended trading after the firm reported stronger-than-expected adjusted earnings and revenue for the second quarter. Boyd Gaming said its growth was supported by continued strength in its core customers as well as improvements in retail play.

To view the full list of stocks, read here.

— Sean Conlon

U.S. stock futures were little changed on Thursday evening.

S&P 500 futures ticked higher by 0.1% just after 6 p.m. ET, as did Nasdaq 100 futures. Futures tied to the Dow Jones Industrial Average also advanced 36 points, or 0.1%.

— Sean Conlon