Market Overview
U.S. equity futures are higher in early trade after President Trump announced a trade deal with Japan, bolstering sentiment around ongoing international negotiations. Dow futures are up 217 points (+0.5%), S&P 500 futures rise 0.4%, and Nasdaq-100 futures gain 0.2%. The agreement includes reciprocal 15% tariffs and signals potential momentum for an EU deal ahead of the August 1 deadline.
Tuesday’s session saw the S&P 500 notch its 11th record close of the year, finishing up 0.06%. The Dow rose nearly 180 points, while the Nasdaq Composite fell 0.4% as chipmakers lagged.
Market focus today shifts squarely to earnings, particularly after the close, with Alphabet and Tesla set to kick off Big Tech season.
Key Economic Releases
14:00 GMT – Existing Home Sales (USD)
Forecast: 4.03M | Previous: 4.00M
Housing strength may support soft-landing narratives. A beat could bolster cyclical and homebuilder sentiment.
14:30 GMT – Crude Oil Inventories (USD)
Forecast: -3.9M | Previous: -1.4M
Energy traders will assess demand trends; a smaller draw may weigh on crude and energy equities.
Notable Earnings
Before the open:
- Amphenol (APH): $0.66
- AT&T (T): $0.53
- BankUnited (BKU): $0.79
- Boston Scientific (BSX): $0.73
- CME Group (CME): $2.91
- Fiserv (FI): $2.43
- Freeport-McMoRan (FCX): $0.45
- GE Vernova (GEV): $1.51
- General Dynamics (GD): $3.55
- Hasbro (HAS): $0.78
- Hilton (HLT): $2.04
- Lamb Weston (LW): $0.63
- Lennox (LII): $6.86
- M/I Homes (MHO): $4.43
- Moody’s (MCO): $3.38
- Mr. Cooper (COOP): $3.24
- NextEra Energy (NEE): $0.98
- Northern Trust (NTRS): $2.06
- NVR (NVR): $107.35
- Otis Worldwide (OTIS): $1.03
- Popular (BPOP): $2.54
- PROG Holdings (PRG): $0.80
- Prosperity Bancshares (PB): $1.41
- Rogers Comm. (RCI): $0.81
- Taylor Morrison (TMHC): $1.95
- TE Connectivity (TEL): $2.07
- Teledyne Tech (TDY): $5.05
- Travel + Leisure (TNL): $1.65
- United Comm. Banks (UCB): $0.61
After the close:
Dow Jones Price Forecast
Every new Dow Jones analysis as it publishes, today's technical signal and key levels, live price — on one page.
See all Dow Jones forecasts- Alphabet (GOOGL): $2.17 on $93.7B revenue. Analysts highlight ad strength as key; AI risks and YouTube growth also in focus.
- Tesla (TSLA): $0.44 on $22.7B revenue. Delivery softness already priced in; all eyes on full-year guidance and autonomy roadmap.
- Alaska Air (ALK): $1.54
- ASGN Inc. (ASGN): $1.08
- Banc of California (BANC): $0.26
- Cadence Bank (CADE): $0.68
- Century Communities (CCS): $1.12
- Chipotle (CMG): $0.32
- Churchill Downs (CHDN): $2.96
- Community Health (CYH): -$0.10
- Core Labs (CLB): $0.19
- Crown Castle (CCI): $0.99
- CSX (CSX): $0.42
- EastGroup (EGP): $2.20
- Essential Props. (EPRT): $0.49
- First American Fin. (FAF): $1.34
- Globe Life (GL): $3.25
- Goosehead Ins. (GSHD): $0.50
- Graco (GGG): $0.79
- IBM (IBM): $2.65
- ICON (ICLR): $3.19
- Kaiser Aluminum (KALU): $0.77
- Knight-Swift (KNX): $0.33
- Las Vegas Sands (LVS): $0.53
- Mattel (MAT): $0.16
- MaxLinear (MXL): $0.02
- Meritage Homes (MTH): $1.98
- Molina Healthcare (MOH): $5.70
- O’Reilly Auto (ORLY): $0.78
- Oceaneering (OII): $0.40
- Packaging Corp. (PKG): $2.44
- Plexus (PLXS): $1.71
- QuantumScape (QS): -$0.21
- Raymond James (RJF): $2.37
- Reliance (RS): $4.63
- RenaissanceRe (RNR): $9.90
- Ribbon Comm. (RBBN): $0.05
- Robert Half (RHI): $0.40
- Rollins (ROL): $0.30
- SEI Investments (SEIC): $1.19
- Selective Insurance (SIGI): $1.51
- ServiceNow (NOW): $3.57
- Sonoco (SON): $1.45
- SS&C Tech (SSNC): $1.39
- Stewart Info. (STC): $1.19
- T-Mobile US (TMUS): $2.68
- United Rentals (URI): $10.50
- Viking Therapeutics (VKTX): -$0.45
- Waste Connections (WCN): $1.25
- WEX (WEX): $3.71
- Wyndham Hotels (WH): $1.16
Technical Outlook
S&P 500 E-mini Futures last traded at 6,369.75. Resistance is at 6,400.00 and 6,450.00. Support sits at 6,241.00, then 6,123.10 (50-day MA) and 6,004.76 (200-day MA).
Nasdaq-100 Futures last traded at 23,247.25. Resistance is at 23,424.75. Support lies at 22,803.00, followed by 22,266.00 (50-day MA) and 21,392.11 (200-day MA).
Dow Jones Futures last traded at 44,917. Resistance levels are 45,043 and 45,177. Support sits at 43,973, then 43,581.00 (200-day MA) and 43,471.70 (50-day MA).
Outlook
With futures lifted by geopolitical tailwinds and a packed earnings calendar, today’s session hinges on how Alphabet and Tesla shape market tone post-close. Strong reports from Big Tech could reinforce bullish sentiment, especially after a record-setting streak for the S&P 500. However, any downside surprises from TSLA or GOOGL may trigger sharp rotation, particularly in overbought tech names.
Traders should expect afternoon chop and pre-earnings gamma pinning, with volatility likely to expand into the 20:00 GMT hour. A firm close above S&P 6,400 would confirm upward momentum and raise sights toward 6,450.
More Information in our Economic Calendar.