Stock market futures are mixed in the early going as investors digest mixed inflation signals and a resurgence of talk surrounding Powell’s role at the Fed. Investor sentiment is being tested by this combination of stickier inflation and political noise, yet sentiment remains fairly upbeat. Traders are ramping up bets on rate cuts starting in September, while acknowledging that July remains unlikely given current inflation dynamics.
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In pre-market trading, S&P 500 futures are up 0.07%, Nasdaq futures rose 0.17% and Dow futures fell 0.09%.
Check out this morning’s top movers from around Wall Street, compiled by The Fly. Also, subscribe to the Fly By if you want to know how the markets will open, which stocks will be moving and why.
UP AFTER EARNINGS –
- PepsiCo (PEP) up 3%
- Texas Capital (TCBI) up 3%
- GE Aerospace (GE) up 2%
- Snap-On (SNA) up 1%
- Marsh McLennan (MMC) up 1%
DOWN AFTER EARNINGS –
- Abbott (ABT) down 4%
- U.S. Bancorp (USB) down 3%
- Novartis (NVS) down 2%
- Cintas (CTAS) down 1%
- Elevance Health (ELV) down 1%
LOWER –
- Archer Daniels (ADM) down 3% after President Trump stated on social media that Coca-Cola (KO) agreed to use real cane sugar in the U.S.
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