US pre-open: Dow futures in the red following mixed tech earnings
By Iain Gilbert
Date: Thursday 24 Jul 2025
(Sharecast News) - Wall Street futures were mixed ahead of the bell following uneven earnings from big-name tech firms overnight and ahead of Donald Trump's visit to the Federal Reserve.
As of 1220 BST, Dow Jones futures were down 0.34%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.07% and 0.31% firmer, respectively.
The Dow closed 507.85 points higher on Wednesday as investors cheered news that the White House has struck a trade deal with Japan.
Shares in Google parent company Alphabet traded higher in pre-market action after reporting a Q2 earnings and revenue beat, while electric carmaker Tesla shares were in the red after posting a disappointing drop in auto revenues for a second consecutive quarter, and computing giant IBM also headed south, weighing on the blue-chip Dow Jones, after Q2 software revenues fell short of expectations on the Street.
Elsewhere, the White House said Donald Trump will visit the Federal Reserve on Thursday, as the president looks to increase the pressure on chairman Jerome Powell, marking the first time in almost 20 years that a sitting American president will make an official trip to the central bank.
On the macro front, weekly jobless claims figures from the Department of Labor will be published at 1330 BST, as will the Chicago Federal Reserve's June national activity index, while a preliminary reading of S&P Global's manufacturing and services PMIs was slated for release at 1445 BST, June new home sales will be on deck at 1500 BST, and July's Kansas Fed manufacturing activity figures will follow at 1600 BST.
Intel, Honeywell, American Airlines and Union Pacific were all scheduled to report earnings on Thursday.
Reporting by Iain Gilbert at Sharecast.com
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