Stocks rise before open on speculation of early rate cuts, focused on U.S. GDP

From Yahoo Finance: 2025-06-26 05:53:00

September S&P 500 E-Mini futures and Nasdaq 100 E-Mini futures are up this morning amid speculation of earlier U.S. interest rate cuts. President Trump may nominate a new Federal Reserve chair early, potentially influencing market sentiment and rate expectations.

Wall Street indexes ended mixed yesterday, with SMCI and NVDA gaining. Economic data showed a decline in U.S. new home sales. Fed Chair Powell expressed uncertainty on tariffs’ impact, citing the need for caution during economic uncertainty.

U.S. rate futures suggest a 24.8% chance of a 25 basis point rate cut in July. Today, focus is on U.S. GDP, Durable Goods Orders, Pending Home Sales, Wholesale Inventories, and Initial Jobless Claims data. Fed officials’ comments and company earnings reports are also anticipated.

Asian markets closed mixed, with China’s Shanghai Composite down and Japan’s Nikkei 225 up. China’s market retreated amid profit-taking, while Japan’s market surged on improving risk sentiment. Foreign investors turned net sellers of Japanese stocks last week.

Pre-market U.S. stock movers include MU, WS, FUL, TTD, and ASML. Notable companies reporting earnings today include Nike, McCormick & Company, Walgreens Boots, and more. Market attention remains on U.S. tariff deadlines and global economic uncertainties.

Read more: Stocks Climb Before the Open as Trump Fuels Bets on Faster Fed Rate Cuts, U.S. GDP Data in Focus