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- Morning Watchlist: E.U. 50% Tariffs Delayed to July 9
Morning Watchlist: E.U. 50% Tariffs Delayed to July 9
Rick Ducat, CMT
May 27, 2025
Stocks are on the move to the upside as a holiday-shortened trading week dawns, with S&P 500 futures up almost 1.5% and its peer indices showing similar strength on word that President Trump delayed 50% tariffs on the European Union until July 9. Tech stocks are up in early trading, with SMCI, AMD, PLTR, ANET, and DELL leading the way as the biggest premarket gainers. Meanwhile, PDD Holdings, the owner of Temu, is down about -17% after missing earnings.
There is much economic data for traders to consider today, with Durable Goods, Case-Shiller Home Price Index, FHFA House Price Index, Consumer Confidence and the Dallas Fed Manufacturing Survey all on the docket. Fed presidents Neel Kashkari and John Williams also are slated to speak today.
Morning Movers
Snapshot (as of 7 AM ET)
Oil (/CL) – Oil prices are down 0.5% to $61.30.
Gold (/GC) – Gold is down over 2% to $3290.
Bitcoin (/BTC) – The cryptocurrency is up 0.75%, sticking above the $100K level at $109.7K.
VIX – The CBOE Volatility Index has fallen slightly to 20.3.
U.S. Dollar (/DX) – The dollar is up almost 0.5% to 99.3.
Biggest Premarket Movers
Symbol | Product | Mark % Change (as of 7 AM ET) |
|---|---|---|
SMCI | Super Micro Computer | +3.77% |
AMD | Advanced Micro Devices | +3.35% |
PLTR | Palantir | +3.09% |
NEM | Newmont | -2.33% |
LDOS | Leidos | -0.32% |
JNJ | Johnson & Johnson | -0.29% |
Economic Data
Time | Event |
|---|---|
4:00AM ET | Fed’s Kashkari Speaks |
8:30AM ET | Durable Goods Orders |
9:00AM ET | Case-Shiller Home Price Index FHFA House Price Index |
9:30AM ET | Fed’s Barkin Speaks |
10:00AM ET | Consumer Confidence |
10:30AM ET | Dallas Fed Mfg. Survey |
11:30AM ET | 3-Month Bill Auction 6-Month Bill Auction |
1:00PM ET | 6-Week Bill Auction 2-Year Bill Auction Money Supply |
8:00PM ET | Fed’s Williams Speaks |
Notable Earnings
Premarket | Postmarket | Premarket Tomorrow | Postmarket Tomorrow |
|---|---|---|---|
PDD, AZO, BNS | HEI, OKTA, BOX, SMTC | BMO, DKS, ANF, M, CPRI | NVDA, CRM, SNPS, VEEV, A, HPQ, NTNX, UHAL, NDSN, ELF, AI |
Upgrades/Downgrades
Jeffries upgrades Southwest Airlines (LUV) to Hold from Underperform
BNP Paribas Exane upgrades Block (XYZ) to Outperform from Neutral
Goldman Sachs upgrades Cummins (CMI) to Buy from Neutral
Barclays downgrades CoreWeave (CRWV) to Equal Weight from Overweight
Goldman Sachs downgrades KBR (KBR) to Neutral from Buy
Truist downgrades Jack in the Box (JACK) to Hold from Buy
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