Stock Market Recap: COHR, RRGB, and Other Big Movers on Thursday

Stock futures were largely unchanged in premarket hours on Thursday, with the S&P 500 and Nasdaq Composite closing at record highs for a second straight session. Investors await fresh economic data to gauge the health of the US economy. Biggest stock movers included COHR, RRGB, and more.

Stock futures were largely unchanged in premarket hours on Thursday, with the S&P 500 and Nasdaq Composite closing at record highs for a second straight session. Investors are eagerly awaiting fresh economic data to gauge the health of the U.S. economy. Key economic indicators, including weekly jobless claims and the Producer Price Index for July, are expected to provide insights into the labor market and inflation, which will influence the Federal Reserve's monetary policy decisions.

The market is fully pricing in a 25-basis-point interest rate cut by the Federal Reserve in September, according to the CME FedWatch tool. Analysts are divided on the likelihood of such a cut, with some expressing concern about the apparent certainty and the persistence of inflation above target levels [1].

The Dow Jones Industrial Average (DJI), the S&P 500 (SPX), and the Nasdaq Composite (IXIC) have shown remarkable resilience, with the S&P 500 and Nasdaq reaching new record highs in recent sessions. However, some large technology stocks, such as Nvidia (NVDA), Alphabet (GOOG), and Microsoft (MSFT), experienced weakness as investors sought new growth drivers [3].

Notable pre-market movers included COHR, RRGB, and others, reacting to recent news events and company-specific announcements. The pre-market activity indicates significant events that could impact the broader market or specific sectors [4].

Investors are also closely watching the remarks from St. Louis Fed President Alberto Musalem, a Federal Open Market Committee voting member, scheduled later in the day. His insights will provide further clarity on the central bank's stance on interest rates and economic conditions.

Overall, the market remains cautiously optimistic, with the S&P 500 and Nasdaq nearing record highs despite some sector-specific weaknesses. The focus is on the upcoming economic data releases to guide future market movements.

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3U60LZ:0-futures-pause-after-steady-gains-on-wall-st-economic-data-in-focus/
[2] https://finance.yahoo.com/news/live/stock-market-today-dow-jumps-450-points-as-sp-500-nasdaq-log-back-to-back-records-on-surging-fed-rate-cut-bets-200115170.html
[3] https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3U515U:0-s-p-500-nasdaq-near-record-highs-on-rate-cut-hopes-big-tech-stocks-weaken/
[4] https://marketchameleon.com/Reports/PremarketTrading