Premarket
- S&P 500SPY
- -0.39%
- at 769.24, 8:19 AM ET
- By the close+0.03%
- Nasdaq 100QQQ
- -1.21%
- at 716.78, 8:19 AM ET
- By the close-0.19%
- DowDIA
- -0.34%
- at 522.86, 8:15 AM ET
- By the close-0.02%
- Russell 2000IWM
- +0.23%
- at 281.95, 8:19 AM ET
- By the close+0.73%
Premarket price against the prior close, 15-minute delayed, from all US exchanges.
Alphabet's disappointing report drags tech lower after the Fed holds rates.
Tone
The indexes closed higher yesterday, but premarket prices point lower, led by a 1.21 percent drop in the Nasdaq 100. The Russell 2000 is slightly higher. The structure score of 68, leaning bullish, means the S&P 500's trend and range position still lean supportive, with the lower premarket start holding the score down. Tech is the weak spot this morning; the trend behind the score is the bigger picture.
The Fed left rates unchanged, and Chair Warsh called the economy strong while acknowledging tighter financial conditions. Alphabet's earnings disappointed, with coverage citing concerns about AI spending. Alphabet is dragging software stocks lower premarket, while Microsoft rises ahead of its own report after the close.
At 8:30, the government releases Gross Domestic Product and Personal Income and Outlays. Eli Lilly, Mastercard, Merck and Caterpillar report before the open. Amazon and Intel follow after the close.
Structure
Leaning bullish68/100
Describes where SPY stands now. Not a forecast.
- SPY above its 20-day average+25
- 20-day average above the 50-day+25
- In the middle third of its 20-day range+14.84
- Premarket -0.4% vs prior close+2.66
News
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Today
Economic releases
- 08:30 ETGross Domestic ProductBEA schedule (opens in a new tab)
- 08:30 ETPersonal Income and OutlaysBEA schedule (opens in a new tab)
Earnings
- AMZNAmazon.com, Inc.after close
- LLYEli Lilly and Companypre-market
- MAMastercard Incorporatedpre-market
- INTCIntel Corporationafter close
- MRKMerck & Company, Inc.pre-market
- CATCaterpillar, Inc.pre-market
- SHELShell PLCpre-market
- LINLinde plcpre-market
- TTETotalEnergies SEpre-market
- GILDGilead Sciences, Inc.after close
Key levels
| Level | S&P 500SPY | Nasdaq 100QQQ | DowDIA | Russell 2000IWM |
|---|---|---|---|---|
| Prior close | 772.28 | 725.59 | 524.64 | 281.30 |
| Prior high | 773.33 | 726.09 | 525.59 | 281.39 |
| Prior low | 769.27 | 720.34 | 522.94 | 279.10 |
| 5-day high | 773.33 | 726.09 | 528.17 | 281.39 |
| 5-day low | 758.68 | 701.18 | 520.00 | 273.35 |
| Premarket | 769.24 | 716.78 | 522.86 | 281.95 |
Informational only. Not financial advice.