Monday, March 10, 2025
Pre-market futures are starting out lower again this morning, on an early session with no major economic data or earnings reports ahead of the opening bell. The Dow is falling -495 points at this hour, the S&P 500 is -81 points, and the Nasdaq is -330. The small-cap Russell 2000 is -28 points at this hour.
Friday’s session closed higher, as words from Fed Chair Jerome Powell suggested he felt the U.S. economy was strong enough to withstand proposed tariffs on our trading partners without careening into recession. It also followed three of four previous trading days that closed harshly lower. Market indexes last week came in anywhere from -2.25% (Dow) to -3.25% (Nasdaq).
After today's close, Oracle ORCL comes out with fiscal Q3 earnings. The Zacks Rank #4 (Sell)-rated company expects to bring +5% growth on earnings and +8% on revenues. The company had been enjoying a long string of quarterly earnings beats, though lately Oracle's performance has been spottier. Much will depend on how its businesses are situated in the AI and cloud-computing spaces.
Check out the updated Zacks Earnings Calendar here.
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