Morning Preview: July 15, 2025
Market Overview
Stock futures are trending higher, primarily driven by technology stocks following Nvidia's announcement to resume chip sales to China. Investors are also anticipating earnings reports from major U.S. banks, including JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC), alongside a crucial inflation reading (June CPI) scheduled for release at 8:30 AM.
Futures Performance
| Index | Change | % Change | Last |
|---|---|---|---|
| Dow | -29.00 | 0.06% | 44,663 |
| S&P 500 | 21.25 | 0.34% | 6,332 |
| Nasdaq | 129.50 | 0.56% | 23,164 |
Market Closing Prices from Previous Day
| Index | Change | Last |
|---|---|---|
| S&P 500 | +8.81 | 6,268.56 |
| Dow Jones | +88.14 | 44,459.65 |
| Nasdaq Composite | +54.80 | 20,640.33 |
| Russell 2000 | +14.90 | 2,249.73 |
Economic Calendar for Today
- 7:45 AM ET: ICSC Weekly Retail Sales
- 8:30 AM ET: Consumer Price Index (CPI) Headline M/M for June (est. +0.3%)
- 8:30 AM ET: Consumer Price Index (CPI) Headline Y/Y for June (est. +2.7%)
- 8:30 AM ET: Core CPI, Ex: Food & Energy M/M for June (est. +0.3%)
- 8:30 AM ET: Core CPI, Ex: Food & Energy Y/Y for June (est. +3.0%)
- 8:30 AM ET: Empire Manufacturing for July (est. -9.25)
- 8:55 AM ET: Johnson/Redbook Weekly Sales
- 11:00 AM ET: Cleveland Fed CPI for June (prior +0.2%)
- 4:30 PM ET: API Weekly Inventory Data
World News
China's second-quarter GDP growth has slowed to 5.2%, down from 5.4% in the first quarter, attributed to ongoing trade tensions with the U.S. However, this figure exceeded expectations of 5.1% growth. In Japan, bond yields have risen amid concerns that Prime Minister Shigeru Ishiba's coalition may lose its upper-house majority, potentially leading to increased government spending.
Sector News Breakdown
Consumer
Geely Automobile is set to acquire the remaining stake in electric-vehicle maker Zeekr for $2.40 billion. Meanwhile, BYD has launched a smartphone-car connectivity feature compatible with major phone brands.
Financials
JPMorgan reported a Q2 adjusted EPS of $4.96, surpassing estimates, while Bank of New York and Wells Fargo also reported better-than-expected earnings. BlackRock's assets under management rose significantly, although long-term net inflows decreased.
Technology
Nvidia's shares surged after the company announced it would resume sales of its H20 AI accelerator to China. Google plans to invest $25 billion in data centers across Pennsylvania and neighboring states, while Oracle is set to invest $3 billion in AI and cloud infrastructure in Germany and the Netherlands.
Conclusion
The market is poised for a potentially positive day, driven by technology stocks and upcoming earnings reports. Investors are closely monitoring inflation data and geopolitical developments that could impact market sentiment.