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Correction: Earnings, Trade Outlook Lift Wall Street Pre-Bell; Asia Mixed, Europe Up
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Correction: Earnings, Trade Outlook Lift Wall Street Pre-Bell; Asia Mixed, Europe Up
Jul 29, 2025 5:46 AM

08:27 AM EDT, 07/29/2025 (MT Newswires) -- (Corrects the month for the Case-Shiller Home Price Index and the FHFA House Price Index in the eleventh paragraph.)

Wall Street futures again pointed to fresh all-time records pre-bell Tuesday, as traders digested a generally good earnings season and relative calm on the international trade scene.

Investors also await the Job Openings and Labor Turnover Survey (JOLTS) report for June at 10 am ET, sure to be parsed for clues to the tightness of domestic labor markets.

The Federal Reserve starts a two-day policy session, to culminate on Wednesday with a rate announcement, though markets anticipate the central bank will hold steady.

In the futures, the S&P 500 rose 0.3%, the Nasdaq added 0.5% and the Dow Jones was up 0.1%.

Asian exchanges traded choppily overnight, while European bourses tracked solidly higher midday on the continent.

On the earnings scene, Merck (MRK) traded down 2.8% pre-bell after the drugmaker reported Q2 earnings above Street views, missed on revenue, and modestly upped guidance, in morning hours.

United Parcel Service (UPS) fell 3.8% pre-bell after the delivery service reported Q2 earnings below consensus, topped revenue outlooks, but did not issue guidance, citing macroeconomic uncertainties.

Royal Caribbean (RCL) traded down 5.2% pre-bell after the cruise line topped expectations on Q2 earnings, missed on revenue, and noted rising fuel bills. The company modestly raised full-year guidance before the opening bell.

Whirlpool (WHR) fell 16.3% pre-bell after the appliance maker posted Q2 results and cut guidance late Monday. A hurried flood of Asian appliance imports, to beat pending US tariffs, reduced the 2025 outlook, said Whirlpool.

On the economic calendar, in addition to the JOLTS report, is the international trade in goods bulletin for June at 8:30 am ET, along with the June retail and wholesale inventories reports.

The Case-Shiller Home Price Index and the FHFA House Price Index, both for May, post at 9 am.

The Conference Board consumer confidence bulletin posts at 10 am.

In premarket action, Bitcoin traded at $118,589, West Texas Intermediate crude oil traded higher at $67.01, and 10-year US Treasuries offered 4.40%. Spot gold traded for $3,325 an ounce.

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