US PREMARKET ACTIONS: July 21, 2025
US PREMARKET ACTIONS: July 21, 2025
Futures Indices
Dow Futures: +0.25%
S&P 500 Futures: +0.24%
Nasdaq 100 Futures: +0.24%
US 10-Year Yield: 4.38%
Market Environment
US index futures are rising this Monday, led by the Nasdaq, as investors anticipate a crucial week for tech earnings. Tesla, Alphabet, and Intel will report their results on Wednesday and Thursday, potentially serving as key market catalysts.
On Friday, the S&P 500 and Nasdaq reached new records before ending mixed, with the Dow dragged down by American Express and 3M amid lingering tariff concerns.
Jim Reid (Deutsche Bank) notes:
"US bond markets saw large intra-week swings due to questions about Fed independence and hawkish details in the latest CPI data."
This week, 135 S&P 500 companies and 189 Stoxx 600 companies are due to report their quarterly results.
On the economic front, the day is quiet with only the June Leading Index expected at -0.2%.
Stocks to Watch
Block (SQ) +9%
The stock jumps after the announcement of its inclusion in the S&P 500, replacing Hess, which was acquired by Chevron. The adjustment takes effect before the market opens on July 23.
Verizon (VZ) +4.55%
The company exceeded expectations with adjusted EPS of $1.22 (cons. $1.19) and revenue up 5% to $34.5 billion. Mobile activity showed strong growth (+2.2% for services, +25.2% for equipment).
Sarepta Therapeutics (SRPT) -4%
The stock continues to fall after a 36% drop on Friday, amid concerns about the safety of its gene therapy Elevidys. The company refuses to suspend shipments despite an FDA request. Mizuho downgrades its rating.
Rating Change
Downgraded
Sarepta Therapeutics (SRPT) → Mizuho downgrades to Neutral from Outperform, citing "growing concerns about Sarepta's fundamentals" after controversies surrounding the Elevidys treatment.
Have a good session everyone
Sylvain Mouilhaud: Stock Coach