- S&P 500 and Dow Futures Edge Up Nasdaq Slips
US Pre-Market Briefing | July 10, 2026
Market Commentary
U.S. equity futures are mixed in cautious pre-market trading, with the Dow Jones Futures leading gains at +0.26% while Nasdaq 100 Futures lag at -0.18% as tech faces pressure from Meta’s EU regulatory setback and chip sector volatility ahead of SK Hynix’s U.S. market debut. The S&P 500 Futures edge up 0.10%, supported by Delta Air Lines’ bullish profit outlook after pre-market earnings, though broader sentiment remains tempered by labor market concerns as June’s participation rate hit a 50-year low outside pandemic periods.
European inflation data matched expectations, with German CPI at 2.3% YoY and French HICP at -0.3% MoM, but failed to shift ECB rate-cut speculation as Lagarde’s political ambiguity overshadows policy signals. Asian markets grappled with China’s diverging inflation trends—weak consumer prices against surging producer costs—while Kalshi traders priced in prolonged energy price pressures amid escalating U.S.-Iran tensions.
Today’s focus shifts to the WASDE Report at 12:00 ET for agricultural commodity cues and Delta’s earnings call, where sustained airfare inflation will test consumer resilience narratives. Job market fragility lingers as a headwind after the participation rate plunge, though Fed watchers await insights from Kevin Warsh’s newly announced task force members. Energy and chip stocks may drive sector rotation, with BioOrbit’s zero-gravity cancer research and SMFG’s India asset review adding niche volatility. Markets await Canadian employment data at 08:30 ET for North American labor momentum clues.
US Index Futures
| Future | Price | Change (%) |
|---|
| S&P 500 Futures | 7,590.75 | +0.10% |
| Nasdaq 100 Futures | 29,882.75 | -0.18% |
| Dow Jones Futures | 52,874.00 | +0.26% |
| Russell 2000 Futures | 3,008.50 | +0.20% |
Economic Data Released Today
| Time | Cur | Imp | Event | Actual | Forecast | Previous |
|---|
| 02:00 | EU | Med | German CPI (YoY) (Jun) | 2.3% | 2.3% | 2.6% |
| 02:00 | EU | High | German CPI (MoM) (Jun) | -0.3% | -0.3% | -0.2% |
| 02:45 | EU | Med | French CPI (MoM) (Jun) | -0.3% | -0.2% | 0.1% |
| 02:45 | EU | Med | French HICP (MoM) (Jun) | -0.3% | -0.3% | 0.1% |
Upcoming Economic Releases
| Time | Cur | Imp | Event | Forecast | Previous |
|---|
| 05:00 | US | Med | IEA Monthly Report | | |
| 08:00 | BRL | Med | CPI (YoY) (Jun) | 4.80% | 4.72% |
| 08:30 | CA | Med | Building Permits (MoM) (May) | 1.0% | -7.6% |
| 08:30 | CA | Med | Employment Change (Jun) | 11.2K | 87.8K |
| 08:30 | CA | Med | Unemployment Rate (Jun) | 6.6% | 6.6% |
| 12:00 | US | Med | WASDE Report | | |
| 13:00 | US | Med | U.S. Baker Hughes Oil Rig Count | | 445 |
| 13:00 | US | Med | U.S. Baker Hughes Total Rig Count | | 580 |
| 15:30 | GB | Med | CFTC GBP speculative net positions | | -102.1K |
| 15:30 | US | Med | CFTC Crude Oil speculative net positions | | 110.5K |
| 15:30 | US | Med | CFTC Gold speculative net positions | | 194.0K |
| 15:30 | US | Med | CFTC Nasdaq 100 speculative net positions | | -7.6K |
| 15:30 | US | Med | CFTC S&P 500 speculative net positions | | -37.6K |
| 15:30 | AU | Med | CFTC AUD speculative net positions | | -17.7K |
| 15:30 | BRL | Med | CFTC BRL speculative net positions | | 44.7K |
| 15:30 | JP | Med | CFTC JPY speculative net positions | | -155.1K |
| 15:30 | EU | Med | CFTC EUR speculative net positions | | 1.1K |
Earnings Today
Before Market Open (BMO)
| Ticker | Company | Market Cap |
|---|
| DAL | Delta Air Lines Inc | $58.5B |
FX Snapshot
| Pair | Price | Change (%) |
|---|
| EUR/USD | 1.14 | -0.03% |
| GBP/USD | 1.34 | +0.09% |
| USD/JPY | 161.81 | -0.32% |
| USD/CHF | 0.81 | +0.06% |
| AUD/USD | 0.69 | +0.06% |
| USD/CAD | 1.42 | +0.01% |
Gold, Oil and Gas
| Commodity | Price | Change (%) |
|---|
| Gold | 4,116.30 | -0.30% |
| Silver | 59.94 | -1.37% |
| WTI Crude | 72.31 | -0.15% |
| Brent Oil | 76.63 | -0.07% |
| Natural Gas | 2.98 | -1.00% |
Crypto
| Crypto | Price | Change (%) |
|---|
| Bitcoin | $64,352.63 | +1.87% |
| Ethereum | $1,795.50 | +2.97% |
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