Dow Futures Edge Up As Trump’s Tax Bill Set For Final House Vote: Datadog, Lucid, Tripadvisor Among Stocks In Focus

U.S. stocks appear set for a cautious opening on Thursday as markets await the result of a crucial vote in the House over President Donald Trump’s tax bill, as well as the highly anticipated jobs report.

The Trump administration’s hopes hinge on some of its dissidents looking past their disagreements and voting in line with the President’s desired outcome, since all Democrats look certain to oppose the bill.

Representative Thomas Massie (R-Ky.), who has been vehemently opposed to Trump’s tax bill, could vote “nay” alongside the Democrats and likely some of his other Republican colleagues. He has, however, agreed to let the bill be tabled in the House for a vote, after clearing the Senate by the barest of margins.

While Dow Jones futures edged up by 0.07% at the time of writing, the S&P 500 futures were up 0.06%, and the tech-heavy Nasdaq 100’s futures gained 0.07%. Futures of the Russell 2000 index surged 0.8%.

Meanwhile, the SPDR S&P 500 ETF Trust (SPY) rose 0.09% and the Invesco QQQ Trust (QQQ) was down 0.1% on Thursday morning.

Asian markets ended Thursday’s trading session on a largely positive note, with the KOSPI leading with gains of 1.32%, followed by the TWSE Capitalization Weighted Stock index at 0.6%, Shanghai Composite at 0.18%, and the Nikkei 225 at 0.06%.

The Hang Seng index fell 0.63%.

Stocks To Watch

• Datadog Inc. (DDOG): Datadog’s shares were up nearly 9% in Thursday’s pre-market session after the company’s stock was confirmed to be added to the S&P 500 index next week.
• Lucid Group Inc. (LCID): Lucid reported deliveries of 3,309 vehicles in the second quarter (Q2), rising from 3,109 in Q1, but coming in below an expected 3,611 units.
• Tripadvisor Inc. (TRIP): Tripadvisor shares surged over 8% in the pre-market session after reports of activist investor Starboard Value building a more than 9% stake in the company.
• Synopsys Inc. (SNPS): Synopsys shares surged nearly 5% ahead of the market's opening on Thursday after the U.S. lifted some restrictions on the export of chip-designing software to China.

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Also See: Treasury Secretary Scott Bessent Says Rate Cut Could Happen As Soon As September