Futures on the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq-100 Index (NDX) are on the rise this morning, following more record closes for the latter two. Investors are focused on the start of the Federal Reserve's two-day policy meeting today, with rates expected to remain unchanged. Meanwhile, several big-name earnings are under the microscope, including mixed reports from Dow stocks Procter & Gamble (PG) and UnitedHealth Group (UNH).
Continue reading for more on today's market, including:
- 6 reasons stock market euphoria may not be at a peak, per Schaeffer's Senior V.P. of Research Todd Salamone.
- 2 tech-adjacent stocks that shouldn't be overlooked.
- Plus, pharma name suffering a post-earnings slide; SOFI's big boost; and streaming giant sees surprise earnings blunder.
5 Things You Need to Know Today
- The Cboe Options Exchange (CBOE) saw 1.8 million call contracts and 1 million put contracts traded on Monday. The single-session equity put/call ratio fell to 0.58, while the 21-day moving average remained at 0.59.
- Pharma giant Novo Nordisk A/S (NYSE:NVO) is plunging 19.3% before the bell, after the company's surprise cut to its full-year guidance due to a lower sales outlook for several drugs. NVO has been struggling on the charts since its late-April bottom at $57. So far in 2025, NVO has shed 20%.
- Consumer lending stock SoFi Technologies Inc (NASDAQ:SOFI) is up 10% in premarket trading, after the company posted better-than-expected second-quarter earnings -- its highest growth rate in more than 24 months. An annual forecast hike is also boosting shares. SOFI recently tapped a nearly four-year high on July 18 and is looking to add to its 36% year-to-date gain.
- Spotify Technology SA (NYSE:SPOT) is sinking 7.8% ahead of the open, after the music streaming platform reported a surprise second-quarter earnings and revenue miss. SPOT has been traveling lower since its late-June highs, this week stalling out near the $70 level. Over the past 12 months, SPOT has added 117%.
- More earnings are on deck this week.
Earnings Boost European Bourses
Asian markets finished on both sides of the aisle as investors await the results of U.S.-China trade talks, which are ongoing in Stockholm. Meanwhile, India surpassed China as the top exporter of smartphones to the U.S. after manufacturing soared 240% year-over-year. China’s Shanghai Composite finished the day up 0.3%, while the South Korean Kospi tacked on 0.7%. Japan’s Nikkei and Hong Kong’s Hang Seng fell 0.8% and 0.2%, respectively.
European markets are higher as investors unpack a batch corporate earnings, with health technology giant Koninklijke Philips (PHG) soaring after lifting its full-year outlook. London’s FTSE 100 was last seen up 0.5%, while the French CAC 40 jumps 1.2%, and the German DAX rises 1.1%.
