US PREMARKET ACTIONS: September 9, 2025
Futures Indices
Dow Futures: +0.10%
S&P 500 Futures: +0.10%
Nasdaq 100 Futures: +0.20%
US 10-Year Yield: 4.06%
Market Environment
US equities are edging up slightly in pre-market trading this Tuesday, extending Monday's move that saw the Nasdaq set a new record thanks to ongoing strength in tech stocks. Attention remains fixed on Wednesday's inflation data (PPI) and Thursday (CPI), which will be key for future rate decisions.
Bloomberg consensus expects a monthly increase of +0.3% for CPI and +2.9% year-over-year for August. An upside surprise could complicate rate cut expectations:
"A hotter CPI driven by stronger demand or tariff effects could complicate Fed discussions on rate cuts and would likely be negatively received by equity markets," warns D.A. Davidson.
For now, markets are pricing in an 88% chance of a 25 basis point cut at the Fed's September 17 meeting, with a minority betting on a 50-point cut, according to the CME FedWatch Tool. Oppenheimer, however, notes that the Fed should avoid an aggressive stance.
On the bond front, yields continue to climb:
US 10-year: 4.06% (+1.7 bps)
US 2-year: 3.50% (+0.8 bps)
Today's Data:
NFIB Small Business Index: +0.5 point to 100.8
Job creation revision from the Bureau of Labor Statistics: to watch, as it could show fewer jobs added than expected.
Commodities:
WTI Oil: +0.8% to $62.76 after OPEC+ announced an increase in production
Gold: +0.4% to $3,692
Bitcoin: +0.7% to $112,863
Stocks to Watch
CleanCore (ZONE) +60.40%
The stock soars after a surprise purchase of 285.4 million Dogecoin, fueling speculation of an integrated crypto strategy.
Wolfspeed (WOLF) +58.00%
Strong jump after court approval of its Chapter 11 reorganization plan. Debt will be slashed by 70%, giving more strategic flexibility.
Tourmaline Bio (TRML) +57.00%
Skyrockets after acquisition by Novartis (NVS) in a $1.4B deal. The Swiss group is betting on the potential of its candidate pacibekitug.
Nebius Group (NBIS) +53.65%
Jumps after a massive $17.4B deal signed with Microsoft to provide dedicated AI infrastructure for 5 years.
Talen Energy (TLN) +1.00%
The board approved an extension of its $2B share buyback program through end-2028, contingent on completing two major acquisitions.
Apple (AAPL) -0.40%
Dips premarket as investors await the iPhone 17 launch today. Wedbush notes that millions of users haven't upgraded for 4 years.
SailPoint (SAIL) -5.00%
Slides premarket despite Q2 beats and a raised full-year outlook. Investors punish disappointing revenue guidance for Q3.
Casey’s General Stores (CASY) -2.20%
Shares down after mixed quarterly results, disappointing on some margin metrics.
Sable Offshore (SOC) -9.15%
The shares tumble after reports that Governor Newsom may seek tighter restrictions on offshore oil drilling in California.
Planet Labs (PL) -12.00%
Despite a solid Q2 and outlook raise, a $300M convertible bond private placement announcement weighs on shares.
AIRO Group (AIRO) -10.00%
The stock corrects after a public offering of 3.5M shares to fund growth and buy back shares from certain shareholders.
Sono Group (SSM) -4.08%
The surprise departure of the CEO weighs on shares in an already tense context for the solar carmaker.
Have a great trading session
Sylvain Mouilhaud: Coach Actions