By Samiat Mar, 20, 2025 Featured
U.S. stock futures are trending lower after yesterday’s rally, which was fueled by the Federal Reserve’s reaffirmation of its interest rate cut projections. Meanwhile, Nvidia’s CEO has revealed a massive investment in U.S. manufacturing, Nike prepares to release earnings, Boeing remains in focus following bullish comments from its CFO, and FedEx is expected to report strong profit growth. Here’s what investors need to watch today.
Stock futures are trading lower after a strong session driven by the Fed’s confirmation of two anticipated rate cuts this year. Nasdaq futures are down 0.7% after a 1.4% rally, while S&P 500 and Dow Jones futures are also slipping following their respective 1.1% and 0.9% gains. Bitcoin is trading around $85,000, while gold and oil futures are slightly lower. Treasury yields on the 10-year note have edged down to 4.2%.
Nvidia CEO Jensen Huang revealed plans to invest “several hundred billion dollars” in U.S. manufacturing over the next four years. This strategic shift comes amid evolving trade policies, including tariffs that could impact Nvidia’s supply chain in Asia. The company’s stock is down 0.7% in premarket trading.
Nike is set to release its quarterly earnings report after market close, with analysts expecting a decline in revenue and profit. The sneaker giant is projected to report $11.02 billion in revenue, down from $12.43 billion last year, while earnings per share are expected to fall to $0.28. Investors will be looking for updates from new CEO Elliott Hill on Nike’s turnaround strategy. Shares are slightly lower in premarket trading and have lost more than 25% of their value over the past year.
Boeing shares, which surged nearly 7% yesterday in their biggest one-day gain in almost two years, are trading slightly lower this morning. Investors reacted positively after CFO Brian West stated that the company does not expect immediate effects from aluminum and steel tariffs. The stock also gained momentum after Japan Airlines announced an order for 17 new Boeing 737-8 aircraft.
FedEx will report fiscal third-quarter earnings after the closing bell, with analysts forecasting a 20% year-over-year increase in adjusted earnings per share to $4.63. Revenue is expected to rise slightly to $21.96 billion. Analysts remain bullish on the stock, with an average price target of $317—implying a potential upside of 28% from Wednesday’s close. Despite the optimism, FedEx shares are trading slightly lower in premarket activity.
Investors will be closely monitoring today’s earnings reports and market movements for further insights into economic trends and corporate performance.
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