- Nasdaq Futures Up as S&P Dow Edge Lower
· Market News · QuoteReporter
- Nasdaq Futures Up as S&P Dow Edge Lower
US Pre-Market Briefing | July 09, 2026
Market Commentary
U.S. equity futures are mixed in early trading on July 9, 2026, as tech resilience offsets broader caution ahead of key labor data and Fed signals. Nasdaq 100 futures lead with a 0.34% gain, buoyed by chipmakers after Michael Burry’s DraftKings/Flutter bet reignited AI-adjacent speculation, while Dow futures lag at -0.28% following PepsiCo’s earnings miss highlighting consumer strain. The S&P 500 futures dip 0.04%, with geopolitical uncertainty weighing after Trump’s Iran comments and a Kalshi prediction of prolonged Hormuz disruptions. Released German trade data surprised to the upside (19.1B vs 14.9B expected), briefly supporting European equities, though ECB meeting accounts later could shift sentiment if they echo Lagarde’s hinted hawkish pivot. All eyes now turn to U.S. jobless claims (8:30 ET), where consensus expects 218K new filings—a miss could amplify concerns after yesterday’s plunge in labor force participation. Existing home sales (10:00 ET) and FOMC’s Williams’ remarks may further clarify the Fed’s path after minutes revealed internal rate-cut dissent. PepsiCo’s premarket slump (-3.5%) drags consumer staples after its North America revenue miss confirmed spending pullbacks, while AI-linked software stocks extend losses as the chip/software trade unwinds. Today’s earnings focus shifts to post-close reports from education tech firm EDUC and packaging specialist WDFC. Oil swings near $82/bbl as conflicting China CPI/PPI data and Hormuz risks offset inventory builds, keeping energy stocks volatile. Markets remain bifurcated: megacap tech finds bids on AI election spending headlines, but small caps (Russell -0.16%) and cyclicals struggle with rate uncertainty and softening labor dynamics. The 30-year bond auction (13:01 ET) may test appetite for duration amid shifting Fed expectations. Traders await clarity on whether soft data will force policymakers’ hands—or if resilience lets patience prevail.
US Index Futures
| Future | Price | Change (%) |
|---|---|---|
| S&P 500 Futures | 7,536.25 | -0.04% |
| Nasdaq 100 Futures | 29,608.00 | +0.34% |
| Dow Jones Futures | 52,547.00 | -0.28% |
| Russell 2000 Futures | 2,973.00 | -0.16% |
Economic Data Released Today
| Time | Cur | Imp | Event | Actual | Forecast | Previous |
|---|---|---|---|---|---|---|
| 02:00 | EU | Med | German Trade Balance (May) | 19.1B | 14.9B | 14.7B |
Upcoming Economic Releases
| Time | Cur | Imp | Event | Forecast | Previous |
|---|---|---|---|---|---|
| 06:00 | EU | Med | Eurogroup Meetings | ||
| 07:30 | EU | Med | ECB Publishes Account of Monetary Policy Meeting | ||
| 08:30 | US | Med | Continuing Jobless Claims | 1,820K | 1,814K |
| 08:30 | US | High | Initial Jobless Claims | 218K | 215K |
| 09:00 | US | Med | FOMC Member Williams Speaks | ||
| 10:00 | US | High | Existing Home Sales (Jun) | 4.19M | 4.17M |
| 10:00 | US | Med | Existing Home Sales (MoM) (Jun) | 3.2% | |
| 13:01 | US | High | 30-Year Bond Auction | 5.050% | |
| 16:30 | US | Med | Fed's Balance Sheet | 6,725B |
Earnings Today
Before Market Open (BMO)
| Ticker | Company | Market Cap |
|---|---|---|
| PEP | PepsiCo Inc | $194.8B |
| SMPL | Simply Good Foods Co | $1.2B |
| BYRN | Byrna Technologies Inc | $135M |
| NTIC | Northern Technologies International Corp | $81M |
After Market Close (AMC)
| Ticker | Company | Market Cap |
|---|---|---|
| WDFC | WD-40 Co | $3.3B |
| SLP | Simulations Plus Inc | $369M |
| EDUC | Educational Development Corp | $13M |
FX Snapshot
| Pair | Price | Change (%) |
|---|---|---|
| EUR/USD | 1.14 | +0.05% |
| GBP/USD | 1.34 | -0.04% |
| USD/JPY | 162.48 | -0.05% |
| USD/CHF | 0.81 | -0.04% |
| AUD/USD | 0.69 | +0.02% |
| USD/CAD | 1.42 | +0.07% |
Gold, Oil and Gas
| Commodity | Price | Change (%) |
|---|---|---|
| Gold | 4,113.70 | +0.98% |
| Silver | 59.27 | +1.73% |
| WTI Crude | 74.03 | -0.32% |
| Brent Oil | 78.75 | -0.10% |
| Natural Gas | 3.19 | -0.59% |
Crypto
| Crypto | Price | Change (%) |
|---|---|---|
| Bitcoin | $62,655.34 | +0.67% |
| Ethereum | $1,741.36 | -0.06% |
Disclaimer
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