- Morning Watchlist
- Posts
- 1Q GDP Report, NKE Earnings
1Q GDP Report, NKE Earnings
Tom White
June 26, 2025
U.S. equity futures are modestly higher ahead of the Wall Street open with the benchmark S&P 500 (SPX) less than 1% below its all-time high from February. The tech-heavy Nasdaq-100 (NDX) settled at a new record high on Wednesday led by record closes in Microsoft (MSFT) and Nvidia (NVDA).
Investor focus will be on data today with reports due on Jobless Claims, Durable Goods and the final read on 1Q GDP.
Morning Movers
Snapshot (as of 7 AM ET)
Oil (/CL) – Oil prices are up 0.3% near $65.10 a barrel, as a larger-than-expected draw in U.S. crude stocks signaled firm demand, while investors remained cautious about the Iran-Israel ceasefire and stability in the Middle East.
Gold (/GC) – Gold prices are up 0.1% near $3347, lifted by a weaker dollar and growing uncertainty after reports suggested U.S. President Donald Trump had considered replacing Federal Reserve Chair Jerome Powell as early as September or October.
Bitcoin (/BTC) – The Crypto Future is down 0.4% near 107.4K in the premarket.
VIX – The CBOE Volatility Index fell 4.1% on Wednesday and settled at 16.76 as stocks were muted. It was the lowest closing price for the VIX since February 20th.
U.S. Dollar (/DX) – The dollar is down 0.3% to just below 97.
Biggest Premarket Movers
Symbol | Product | Mark % Change (as of 7 AM ET) |
|---|---|---|
MKC | McCormick | +4.56% |
INCY | Incyte | +3.40% |
FCX | Freeport-McMoRan | +2.96% |
EQIX | Equinix | -1.62% |
MGM | MGM Resorts | -0.83% |
FTNT | Fortinet | -0.67% |
Economic Data
Time | Event |
|---|---|
8:00AM ET | Fed’s Barkin Speaks |
8:30AM ET | Durable Goods Orders Jobless Claims GDP - Final Read 1Q International Trade Retail/Wholesale Inventories |
8:45AM ET | Fed’s Barkin Speaks |
9:00AM ET | Fed’s Hammack Speaks |
10:00AM ET | Pending Home Sales |
11:00AM ET | Kansas City Fed Mfg. |
1:00PM ET | 7-Year Note Auction |
1:15PM ET | Fed’s Barr Speaks |
Notable Earnings
Premarket | Postmarket | Premarket Tomorrow | Postmarket Tomorrow |
|---|---|---|---|
AYI, MKC, WBA | AOUT, CNXC, NKE | APOG | None |
Upgrades/Downgrades
Citizens JMP upgrades Penn Entertainment (PENN) to Outperform from Market Perform
RBC Capital upgrades General Mills (GIS) to Outperform from Sector Perform
Jefferies downgrades ASML (ASML) to Hold from Buy
Wells Fargo downgrades Trade Desk (TTD) to Equal Weight from Overweight
Citizens JMP downgrades MGM Resorts (MGM) to Market Perform from Outperform
Tune in live from 8 a.m. to 5 p.m. ET, or anytime, anywhere, on‑demand.
Or stream it via thinkorswim® and thinkorswim Mobile, available through our broker-dealer affiliate, Charles Schwab & Co., Inc
Please do not reply to this email. Replies are not delivered to Schwab Network. For inquiries or comments, please email [email protected].
See how your information is protected with our privacy statement.
This material is intended for informational purposes only and should not be considered a personalized recommendation or investment advice. Investors should review investment strategies for their own particular situations before making any decisions.
Schwab Network is brought to you by Charles Schwab Media Productions Company (“CSMPC”). CSMPC is a subsidiary of The Charles Schwab Corporation and is not a financial advisor, registered investment advisor, broker-dealer, or futures commission merchant.
Charles Schwab Media Productions Company and all third parties mentioned are separate and unaffiliated, and are not responsible for one another's policies, services or opinions.
Data contained herein is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. All events and times listed are subject to change without notice.