Pre-Market | U.S. Inflation Surges, Treasury Yields Spike, Fed Independence Under Fire

16 Jul., DOW FUTURES up 0.25% in pre-market, NASDAQ FUTURES down 0.10% in pre-market, S&P FUTURES up 0.05% in pre-market. U.S. June CPI accelerated to 2.7% year-over-year, slightly above expectations, with core inflation at 2.9% annually. Treasury yields surged in response, lifting the 10-year benchmark near 4.49% and long-term bonds above 5%. Concurrently, political pressures intensified against the Federal Reserve, threatening policy independence amid governance concerns.

Prologis Inc. shares rose over 2% in pre-market trading, driven by its Q2 2025 earnings report. The company upgraded its full-year guidance, reflecting stronger business confidence. Specifically, Prologis revised its Core FFO guidance upward for 2025 to $5.75-$5.80, narrowing the range favorably. The CFO stated that the increase in guidance reflects the company's confidence in the strength and resilience of its business. Johnson & Johnson shares rose over 2% in pre-market trading, surpassing quarterly earnings expectations and raising its full-year outlook. ASML Holding shares dropped nearly 8% in pre-market trading, as the company indicated uncertainty in meeting 2026 growth targets. Lam Research shares dropped over 3% in pre-market trading, negatively impacted by ASML's growth uncertainty warning for 2026.

Nuwellis shares surged over 144% in pre-market trading, driven by the company's announcement of receiving a new U.S. patent for its fluid management technology. This patent is expected to bolster Nuwellis' competitive edge in the market. Graphjet's stock rose nearly 90% in pre-market trading, following the disclosure in its SEC 10-K report that senior management was awarded a $13.8 million bonus for successful business performance. This significant bonus underscores the company's strong operational success and aligns management incentives with growth. Soluna Holdings shares dropped over 42% in pre-market trading. Cyclacel's stock declined over 33% in pre-market trading, with moving average crossings indicating a potential prolonged decline.

U.S. June CPI rose 2.7% year-over-year, exceeding expectations and driving Treasury yields up to 5% for long-term bonds. President Trump criticized substantial cost overruns in the Federal Reserve headquarters renovation, stating it justifies firing Chair Jerome Powell. NVIDIA's H20 GPU regained export clearance to China, with forecasts indicating increased demand for AI chips. Tesla expanded its Model Y lineup with a six-seat version approved for the Chinese market.