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- US Futures Gain as Small Caps Lead Early Rally

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- US Futures Gain as Small Caps Lead Early Rally

US Pre-Market Briefing | July 24, 2026

Market Commentary

U.S. equity futures are trending higher early Friday, with the Nasdaq 100 leading gains (+0.49%) as tech stocks rebound following Intel’s blowout earnings fueled by AI demand. The S&P 500 (+0.28%), Dow (+0.39%), and Russell 2000 (+0.66%) also advance as oil prices retreat from recent highs, easing inflation concerns. Intel shares surged 8% premarket after reporting its fastest revenue growth since 2011, lifting semiconductor peers like AMD. Markets are digesting geopolitical and trade developments, including President Trump’s announcement of sweeping new tariffs targeting 60 trading partners—justified by forced-labor concerns—which drew immediate criticism from allies. The delayed implementation of generic drug tariffs until 2028 suggests a calibrated approach to onshoring pressures. Meanwhile, Fed watchers are parsing former official Kevin Warsh’s commentary for clues on policy direction as oil-driven inflation risks keep September rate hike odds elevated. Commodities show mixed signals: Brent crude dips below $100 after yesterday’s spike, while gold edges up amid lingering Middle East tensions and Fed uncertainty. No major economic data is scheduled today, keeping focus on earnings, including NextEra Energy and Boston Beer pre-market. The tech sector’s momentum and tariff headlines may dominate trading, though volatility could resurface if oil rebounds or Fed rhetoric shifts. Traders await next week’s Q2 GDP and PCE data for clearer signals on growth and inflation. —MarketsFN Analytics Team

US Index Futures

FuturePriceChange (%)
S&P 500 Futures7,461.50+0.28%
Nasdaq 100 Futures28,654.50+0.49%
Dow Jones Futures52,100.00+0.39%
Russell 2000 Futures2,965.10+0.66%

Economic Data Released Today

No significant data released yet.

Upcoming Economic Releases

No significant releases scheduled.

Earnings Today

Before Market Open (BMO)

TickerCompanyMarket Cap
AAXPAmerican Express Co$227.0B
NNEENextEra Energy Inc$188.7B
VVZVerizon Communications Inc$185.3B
HHCAHCA Healthcare Inc$83.1B
CCNICanadian National Railway Co$79.6B
SSLBSLB Ltd$72.5B
CCHTRCharter Communications Inc$16.6B
BBAHBooz Allen Hamilton Holding Corp$8.1B
LLWLamb Weston Holdings Inc$6.9B
FFLGFlagstar Bank NA$6.1B
SSXTSensient Technologies Corp$5.1B
GGNTXGentex Corp$5.1B
LLBTYKLiberty Global Ltd$3.4B
LLBTYALiberty Global Ltd$3.4B
FFHBFirst Hawaiian INC$3.4B

FX Snapshot

PairPriceChange (%)
EUR/USD1.14+0.03%
GBP/USD1.33+0.07%
USD/JPY163.77-0.04%
USD/CHF0.82+0.05%
AUD/USD0.70+0.31%
USD/CAD1.41+0.01%

Gold, Oil and Gas

CommodityPriceChange (%)
Gold4,063.30+0.79%
Silver58.67+2.03%
WTI Crude89.88-2.21%
Brent Oil92.01-8.55%
Natural Gas2.91-0.65%

Crypto

CryptoPriceChange (%)
Bitcoin$64,992.39-0.10%
Ethereum$1,880.67+0.18%

Disclaimer

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