Investors Parse, Look Ahead to Earnings Announcements as US Futures Rise Friday Pre-Bell

MT Newswires Live
08/08

US stock futures are tracking higher in Friday's premarket session as investors react to recent earnings results and look ahead to more later in the day, while also keeping an eye on any tariff announcements.

Dow Jones Industrial Average futures were up 0.3%, S&P 500 futures were rising 0.3%, and Nasdaq futures were moving 0.3% higher.

Oil prices were moving higher, with front-month global benchmarks Brent crude rising 0.5% to $66.76 per barrel and US West Texas Intermediate crude rising 0.3% to $64.09 per barrel.

The Baker Hughes rig count, a weekly count of the number of active drilling rigs that will be released later in the day, is expected to remain unchanged at 410, according to Bloomberg.

And the CFTC's oil speculative net positions and gold speculative net positions will also be announced later in the afternoon.

In equities, shares of Expedia Group (EXPE) climbed 15% after it reported after hours Thursday it raised its outlook for full-year 2025 revenue growth to 3% to 5% from its previous guidance of 2% to 4%. Natera (NTRA) shares advanced 12.6% after it raised its 2025 outlook for revenue late Thursday to a range of $2.02 billion to $2.10 billion from $1.94 billion to $2.02 billion. And shares of Monster Beverage (MNST) advanced 8.3% after it reported Q2 earnings late Thursday that beat analyst forecasts.

On the losing side, shares of AVITA Medical (RCEL) plunged 34% after BTIG analysts downgraded the company's stock to a sell rating from neutral. The Trade Desk (TTD) shares tumbled 32%, adding to a 1.4% loss on Thursday. And Sweetgreen (SG) shares tumbled 30% after it reported Q2 revenue late Thursday that missed analysts expectations.

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