Major Indexes Hold Near Recent Highs as Investors Eye Economic Data
U.S. stock futures pointed to a mixed opening on Tuesday, June 10, 2025, as investors digest yesterday’s market performance and await key economic data. The S&P 500 futures were slightly lower at 6,008.75, down 0.02%, while Dow Jones Industrial Average futures dipped 0.12% to 42,743.00. Meanwhile, Nasdaq futures edged down 0.03% to 21,815.75.
Monday’s session saw the major indexes close mixed, with the S&P 500 rising 0.1% to finish at 6,005.88, putting Wall Street’s most observed benchmark approximately 2% away from its all-time high. The tech-heavy Nasdaq Composite finished at 19,591.24, gaining 0.3% on the back of strong semiconductor performance. The Dow Jones Industrial Average closed marginally lower at 42,761.76, down just 1.11 points.
Market sentiment remains cautious as trade talks between the United States and China have resumed, creating uncertainty about potential outcomes and their impact on global commerce. The VIX, often referred to as the market fear gauge, was up 1.57% to 17.43, indicating slightly elevated investor anxiety.
Premarket Movers to Watch
Several stocks are making significant moves in premarket trading. Among the top gainers, Newegg Commerce (NEGG) continues its impressive run, up 31.63% following yesterday’s surge. Joby Aviation (JOBY) has climbed 13.67%, while AST SpaceMobile (ASTS) is up 11.64%.
On the downside, Argan (AGX) is down 10.34%, Oddity Tech (ODD) has fallen 10.20%, and Avidity Biosciences (RNA) has declined 9.88% in early trading.
Among the most actively traded stocks, NVIDIA (NVDA) is showing modest gains of 0.64%, while Tesla (TSLA) is up 4.55%. Warner Bros. Discovery (WBD) is down 2.95%, and Applied Digital (APLD) has fallen 6.06%.
Key Earnings Reports Today
Tuesday brings several notable earnings reports that could influence market news today. Before the market opens, J.M. Smucker (SJM) will release its Q4 2025 results, with analysts expecting earnings per share of $2.25, representing a 15.41% decrease compared to the same quarter last year.
Core & Main (CNM) and Academy Sports and Outdoors (ASO) are also reporting before the bell. United Natural Foods (UNFI) is expected to report a 140% increase in earnings compared to the same quarter last year, with analysts forecasting EPS of $0.24.
After market close, investors will be watching GameStop (GME) closely as the company reports its Q1 2025 earnings. The report comes as GameStop continues its expansion into cryptocurrency, having added more than 4,700 bitcoin to its balance sheet.
Economic Data and Events to Watch
The NFIB Small Business Optimism Index for May will be released this morning, with economists expecting the figure to hold steady at 95.8, unchanged from April. This report will provide insights into the sentiment of small business owners amid ongoing economic uncertainties.
Additionally, investors will be monitoring day two of Apple’s (AAPL) Worldwide Developers Conference (WWDC) in Cupertino, California, for potential announcements that could impact the tech giant’s stock and the broader technology sector.
Sector Performance and Market Outlook
Looking at Monday’s sector performance, the Consumer Discretionary (XLY), Materials (XLB), and Technology (XLK) sectors showed strength, rising 0.8%, 0.7%, and 0.5% respectively. The Financial sector (XLF) underperformed, dropping 0.6%.
Analysts are closely watching the S&P 500 as it trades above the psychologically important 6,000 level. Technical analysts have identified key overhead resistance areas around 6,100 and 6,575, with major support levels near 5,770 and 5,650.
As markets today navigate through earnings season and ongoing trade discussions, investors remain cautiously optimistic. The S&P 500’s recent break above a descending broadening formation and subsequent consolidation within a pennant pattern suggests potential for continued upward momentum, though geopolitical tensions and economic data releases could introduce volatility in the short term.
With premarket movers showing mixed signals and key economic data on the horizon, Tuesday’s trading session promises to provide valuable insights into market direction for the remainder of the week.