Wall Street Muted Ahead of US Retail Sales and Netflix Earnings

US stocks are expected to open muted today as investors await US retail sales data and Netflix earnings. S&P 500 E-Mini futures are up 0.07%, while Nasdaq 100 E-Mini futures are up 0.16%. Yesterday, Wall Street's three main equity benchmarks ended in the green, with Global Payments, Johnson & Johnson, and Arm Holdings leading gains. Meanwhile, ASML Holding N.V. slid 8% after the Dutch supplier of chip-making equipment cited uncertainty stemming from President Trump's tariffs.

US stocks are expected to open muted today as investors await the release of US retail sales data and Netflix earnings. S&P 500 E-Mini futures are up 0.07%, while Nasdaq 100 E-Mini futures are up 0.16%. Yesterday, Wall Street's three main equity benchmarks ended in the green, with Global Payments, Johnson & Johnson, and Arm Holdings leading gains. Meanwhile, ASML Holding N.V. slid 8% after the Dutch supplier of chip-making equipment cited uncertainty stemming from President Trump's tariffs [4].

The market's muted opening reflects a cautious approach by investors as they prepare for key economic data releases and earnings reports. The S&P 500 and Nasdaq 100 E-Mini futures, which often reflect market expectations before the opening bell, indicate a slight optimism, but the gains are modest, suggesting a degree of caution.

The recent earnings reports from major financial institutions, including Morgan Stanley, Bank of America, and Johnson & Johnson, have influenced market sentiment. Morgan Stanley reported a net income of $3.5 billion, or $2.13 per share, for the second quarter, surpassing Wall Street estimates [1]. Despite this positive result, shares fell due to uncertainty about potential actions by President Trump. Bank of America and Johnson & Johnson also reported their earnings, but the details of these reports are not provided in the given source materials.

Tesla and Nvidia shares were up, reflecting positive analyst sentiment and strong performance in their respective sectors. Coinbase and Netflix shares were down, possibly due to ongoing regulatory pressures and competitive pressures, respectively. Nuwellis and Graphjet Technology stocks surged after positive announcements, indicating strong investor confidence in their respective business models. Soluna stock plummeted after a public offering, suggesting that investors were cautious about the company's prospects.

Microsoft was named a top AI winner by Jefferies analyst Brent Thill, highlighting the company's leadership in artificial intelligence. Archer Aviation and Global Payments stocks gained after announcements, indicating strong performance in their respective sectors. Renault cut guidance and named an interim CEO, reflecting the challenges faced by the automotive industry. Bitmine Immersion Technologies got a boost from Founders Fund investment, suggesting investor confidence in the company's growth potential.

Apple secured a $500 million deal with MP Materials, indicating strong demand for its products. Rigetti Computing stock rose after reaching a milestone, reflecting progress in the quantum computing sector. Advanced Micro Devices stock dipped despite a new $185 price target from Wells Fargo analyst Aaron Rakers, suggesting that investors are cautious about the company's prospects.

Overall, the market reaction to these earnings reports reflects a mix of optimism and caution, with some sectors performing strongly while others face challenges. Investors will continue to monitor these companies and the broader market for further developments.

References:
[1] https://finance.yahoo.com/news/morgan-stanley-profit-rises-traders-113039200.html
[2] https://www.nasdaq.com/articles/morgan-stanley-ms-tops-q2-earnings-and-revenue-estimates
[3] https://www.tradealgo.com/news/tuesdays-biggest-analyst-calls-nvidia-microsoft-tesla-netflix-meta-solaredge-more
[4] https://www.ainvest.com/news/asml-warns-uncertainty-2026-growth-tariff-uncertainty-2507/