Pre‑Market Report: July 24, 2025
Early morning futures, earnings previews, top movers, economic cues, plus strategy insights.
📈 Market Snapshot
On July 24, 2025, U.S. stock futures were mixed: Dow futures modestly lower, while S&P 500 and Nasdaq futures edged higher as markets digested a new U.S.–Japan trade deal adding ~15% tariffs but unlocking $550 B of investments 1. Futures at the pre‑market open showed:
- SPDR S&P 500 ETF (SPY) trading around $634.21, +0.78%
- Invesco QQQ (QQQ) near $563.81, +0.42%
Market Futures & Commodities
As of early pre-market from Markets Insider:
| Index / Commodity | Quote | Change |
|---|---|---|
| Dow Jones Futures | 45,129.00 | +25 (+0.06%) |
| NASDAQ 100 Futures | 23,411.00 | –0.25 (0%) |
| S&P 500 Futures | 6,406.25 | +0.50 (+0.01%) |
| Oil (WTI) | $65.43 | +0.01 |
| Gold Futures | $3,387.95 | +0.16 |
Global sentiment: modestly bullish. Oil stable near $65, gold steady; currency markets quieter.
4Pre‑Market Earnings Preview
Several major firms are reporting before today's open. Highlights include:
- Honeywell (HON): EPS est. $2.64 (+6% YoY) 5
- Union Pacific (UNP): EPS est. $2.89 (+5.5% YoY) 6
- Blackstone (BX): EPS est. $1.10 (+14.6% YoY) 7
- Ameriprise (AMP): EPS est. $9.00 (+5.5% YoY) 8
- Others include: Nasdaq (NDAQ), L3Harris (LHX), Keurig Dr Pepper (KDP), Valero (VLO), Wabtec (WAB), Dover (DOV), CenterPoint (CNP) 9
Why it matters: These reports offer insight into industrials, finance, and infrastructure. Outperformance could fuel opening rally; any disappointments may weigh on cyclical sectors.
Top Pre‑Market Gainers & Losers
📈 Top Gainers
| Stock | Price | Change |
|---|---|---|
| Lamb Weston (LW) | $56.50 | +14.9% |
| Thermo Fisher (TMO) | $479.02 | +12.0% |
| GE Vernova (GEV) | $598.88 | +9.1% |
| Amphenol (APH) | $107.20 | +5.3% |
| Vistra Energy (VST) | $198.74 | +5.1% |
📉 Top Losers
| Stock | Price | Change |
|---|---|---|
| Fiserv (FISV) | $136.25 | –17.9% |
| Otis Worldwide (OTIS) | $89.88 | –11.0% |
| Texas Instruments (TXN) | $194.80 | –9.4% |
| Enphase Energy (ENPH) | $39.40 | –7.3% |
| Microchip (MCHP) | $70.90 | –5.8% |
Keep an eye on chip stocks (TI, Microchip, Enphase) — continued profit-taking following Q2 pullbacks.
Market Drivers & Economic Update
1. U.S.–Japan Trade Deal: 15% mutual tariffs plus $550 B in capital incentives; markets rallied 11.
2. Tesla & Alphabet Q2 Earnings: Tesla beat modestly, but CEO Musk warned of “a few rough quarters”; stock fell 4% post-call 12. Alphabet topped expectations and will boost AI/hardware spending, pushing its stock up ~2% 13.
3. AI Summit Influence: NYSE participating in D.C.’s “Winning the AI Race” – echoes continued investor interest in big data/AI stocks 14.
Trading Strategy & Watchlist
- Chip & semis: Watch NVDA and AMD – Nvidia pre‑market +1.5% 15. Sector caught a bid on AI tailwinds.
- Earnings plays: Trade industrials around HON, UNP, BX. Good beat could unlock upside, but any weakness in guidance may pressure cyclical trend.
- Stay cautious: Tesla uncertainty clouds auto/EV sector. After‑hours drop suggests topping risk.
- Safe havens: With gold stable and yields rising slowly (~4.39% on 10‑year), consider Treasury/utility exposures.
- Keep tabs on VST and GEV:
Frequently Asked Questions
What time does the U.S. pre‑market open?
U.S. pre‑market trading typically runs from 4:00 a.m. to 9:30 a.m. ET on regular trading days.
How do futures affect the regular market?
Futures (Dow, S&P, Nasdaq) price indicate market sentiment and likely direction into the opening bell, serving as a leading indicator.
Why are companies reporting earnings before market open?
Earnings before open ensure information is digested before regular session, reducing volatility; it's common for industrials and financials.
: US Futures, Earnings, Gainers & Market Outlook){kind=link}
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