{"id":6953,"date":"2025-08-06T14:22:23","date_gmt":"2025-08-06T14:22:23","guid":{"rendered":"https:\/\/bitunikey.com\/news\/sp-500-opens-higher-amid-key-corporate-earnings-bitcoin-holds-114k\/"},"modified":"2025-08-06T14:22:25","modified_gmt":"2025-08-06T14:22:25","slug":"sp-500-opens-higher-amid-key-corporate-earnings-bitcoin-holds-114k","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/sp-500-opens-higher-amid-key-corporate-earnings-bitcoin-holds-114k\/","title":{"rendered":"S&amp;P 500 opens higher amid key corporate earnings, Bitcoin holds $114k"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">U.S. stocks opened higher and Bitcoin held the $114k level as Wall Street continued to cheer corporate earnings amid ongoing jitters around trade deals.<\/p>\n<div id=\"cn-block-summary-block_964b4549d13251fad88464d2aa7ee0c9\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Stocks opened slightly higher amid investor focus on key corporate earnings results.<\/li>\n<li>Tariffs remain in focus amid the Aug. 7 deadline.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The benchmark S&amp;P 500 opened 0.3% higher and the Nasdaq added 0.5%, while the Dow Jones Industrial Average edged up by 38 points.<\/p>\n<p>Meanwhile, Bitcoin (BTC) continued to hover near $114,000, where it has held for most of the week as sell-off pressure persists. Bitcoin reached an all-time high above $123,000 in July 2025.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Airbnb, other earnings in focus<\/h2>\n<p>Across the stock market, sentiment remains upbeat as earnings season drives key gains for mega-cap companies. With tech stocks taking the lead in recent weeks, Wall Street cheered the latest earnings beat from Disney (DIS).<\/p>\n<p>The company\u2019s third-quarter results drew attention after it beat estimates, driven by strong performances in its parks and streaming segments. ESPN, Disney\u2019s sports and entertainment arm, has inked a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/08\/06\/espn-wwe-five-year-deal-live-events.html\" target=\"_blank\">five-year $325 million per year deal<\/a> with WWE to bring premium events such as WrestleMania, the Royal Rumble, and SummerSlam to its network.<\/p>\n<p>Investors have also taken time to digest the earnings of Advanced Micro Devices, McDonald\u2019s, and Uber. AMD shares fell 5% after its earnings per share missed estimates, while Uber stock rose as the company revealed a $20 billion stock buyback plan amid its revenue beat. On the downside, Snap sank 20% after a revenue miss.<\/p>\n<p>Earnings season continues today with top names set to report, including Airbnb (ABNB), DoorDash (DASH), and Lyft (LYFT).<\/p>\n<h2 class=\"wp-block-heading\">Tariffs deadline looms<\/h2>\n<p>Investors remain focused on trade developments ahead of the August 7 deadline for President Donald Trump\u2019s new tariff to go into effect. One country scrambling to make a deal is Switzerland, whose president is in Washington as the country tries to avoid a 39% tariff.<\/p>\n<p>Also making headlines is news that U.S. President Trump is set to announce a domestic $100 billion investment by Apple. The company is pursuing the deal in an effort to avoid further tariff-related penalties.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stocks opened higher and Bitcoin held the $114k level as Wall Street continued to cheer corporate earnings amid ongoing jitters around trade deals. Summary Stocks opened slightly higher amid&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4349,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=6953"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6953\/revisions"}],"predecessor-version":[{"id":6954,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6953\/revisions\/6954"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4349"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=6953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=6953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=6953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}