🚨 Gold Update: Bulls Eye $3,500 Again? 📈
08 Aug 2025
29 Jul 2025
Market Overview: Modest Gains as Traders Await Crucial Data and Fed Decision
U.S. equity futures edged higher early Tuesday following moderate gains in the previous session. The S&P 500 futures rose 0.25%, Nasdaq 100 futures climbed 0.42%, and Dow futures increased by 0.2%.
On Monday, the S&P 500 marked its 15th record close of 2025, highlighting sustained investor confidence. The Nasdaq finished up 0.3%, while the Dow slipped slightly by 0.1%. Despite President Trump’s recent announcement of a 15% baseline tariff on European imports, the market is largely focused on upcoming earnings and the Federal Reserve’s policy meeting scheduled for Wednesday.
Key Economic Releases to Watch Today
Goods Trade Balance (Forecast: -$96.4B)
Preliminary Wholesale Inventories (Forecast: -0.3%)
Housing Price Index (HPI) (Forecast: -0.4%)
S&P/Case-Shiller Composite-20 HPI (y/y) (Forecast: 3.4%)
JOLTS Job Openings (Forecast: 7.77M)
Consumer Confidence Index (Forecast: 93.0)
These critical data points will provide insight into the economy’s health and guide expectations for Federal Reserve policy.
Major Earnings Reports Scheduled
Before Market Open:
Procter & Gamble, UPS, Merck, Boeing, Johnson Controls, American Tower, AstraZeneca, Carrier Global, Corning, Ecolab, JetBlue Airways, Norfolk Southern, PayPal, Royal Caribbean, Spotify, Sysco, UnitedHealth.
After Market Close:
Visa, Starbucks, Electronic Arts, Booking Holdings, Republic Services, Seagate Technology, Qorvo, Teradyne, Mondelez, Varonis Systems, Teladoc.
Our premium members receive exclusive early access to detailed earnings analysis and actionable signals ahead of market moves.
Technical Outlook
S&P 500 E-mini Futures
Current: 6,440.25
Resistance: 6,470, 6,500
Support: 6,318.75, 6,241.00, 6,161.00 (50-day Moving Average), 6,013.85 (200-day Moving Average)
Nasdaq 100 E-mini Futures
Current: 23,603.25
Resistance: 23,700, 23,850
Support: 23,108.00, 22,803.00, 22,427.40 (50-day MA), 21,442.56 (200-day MA)
Dow Jones E-mini Futures
Current: 45,059
Resistance: 45,312, 45,885
Support: 44,818, 44,423, 43,669 (50-day MA), 43,609 (200-day MA)
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