US PREMARKET ACTIONS: July 25, 2025
Futures Indices
Dow Futures: +0.2%
S&P 500 Futures: +0.1%
Nasdaq 100 Futures: +0.1%
US 10-year yield: 4.42% (+2 basis points)
Market Environment
US indices are slightly up in pre-market trading, extending their positive trend after new closing highs for the S&P 500 and Nasdaq Composite on Thursday. Risk appetite persists despite a more cautious tone among investors, torn between strong corporate earnings (Alphabet, Tesla) and a rebound in bond yields following an unexpected drop in weekly jobless claims.
"The risk-on tone barely wavered yesterday, supported by another slew of solid economic data, allowing the S&P 500 to secure a fourth consecutive record," notes Jim Reid of Deutsche Bank.
On the macroeconomic front, investors will be watching June's durable goods orders. The consensus forecasts a modest increase of 0.1% M/M for core data, but a decline of -10.4% M/M for the main indicator.
"June's durable goods data won't clarify US monetary policy. Equipment order growth has faltered, and anticipatory buying due to tariffs is making the figures volatile," according to Paul Donovan of UBS.
Stocks to Watch
Absci (ABSI) -16.81%
The stock plunges after announcing a $50M capital raise via a share offering. Investors react negatively to this dilution.
Centene (CNC) -14.80%
The health insurance giant disappointed with a rare miss on its quarterly results, leading to strong pre-market punishment.
Sarepta Therapeutics (SRPT) -13.90%
A European committee refused to support the gene therapy for Duchenne muscular dystrophy developed with Roche.
Synovus (SNV) -9.20%
The stock falls after announcing its merger with Pinnacle Financial in an $8.6 billion deal seen as immediately dilutive.
AST SpaceMobile (ASTS) -8.09%
Sharp drop after setting the buyback price for its convertible bonds for $500M.
ADT (ADT) -3.11%
Announcement of a secondary offering of 71 million shares combined with a share buyback.
Intel (INTC) -7%
The group tumbles after Q2 profit misses expectations and weak Q3 outlook. A 15% workforce reduction plan was announced.
Veracyte (VCYT) +7.55%
The stock soars after joining the S&P SmallCap 600 index, replacing Triumph.
Newmont (NEM) +2.24%
The mining giant significantly exceeds Q2 expectations, supported by rising gold prices and lower operating costs.
Have a good session everyone
Sylvain Mouilhaud: Stock Coach