Morning Dose: Fed Governor Signals Rate Cut | China Tariff Talks Progress
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood
Good morning, traders! Welcome to The Morning Dose, your pre-market briefing. Futures are pointing slightly higher today, reflecting a cautiously optimistic mood after yesterday’s record highs in the S&P 500 and Nasdaq.
Overnight Headlines
Positive news on tariffs with China and dovish comments from Fed Governor Waller are boosting sentiment. Additionally, the GENIUS act passing in Washington is providing a lift to crypto-related stocks.
Economic Announcements
- Housing Starts and Building Permits at 8:30 AM Eastern
- University of Michigan Consumer Sentiment release at 10:00 AM Eastern will be key for market sentiment.
Earnings Highlights
- 3M (MMM): Beat expectations, issued strong guidance, gapping up about 2.5%.
- American Express (AXP), Charles Schwab (SCHW), Regions Financial (RF): Financials sector posting solid earnings, reflecting a healthy consumer and stable financial system.
- Netflix: Beat expectations and guided higher, but down pre-market due to a downgrade and profit-taking.
Top Movers
- Blaize Holdings (BZAI): Up 97% on a massive contract win in A-I infrastructure across Asia.
- BlackSky Technology (BKSY): Down over 17% on proposed capital raise with convertible senior notes.
Quick Trade Ideas
Watch Union Pacific (UNP) and Norfolk Southern (NSC): M&A talks may impact railroad sector.
Key Takeaway
Market focus on earnings and economic data. Positive sentiment but watch for housing numbers at 8:30 AM. Data will drive market direction today.