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Morning Dose #52: Futures Point to Trade Uncertainty – Wednesday 6/11/2025

By WaveRider AI1 min read

Key takeaways

  • The market reflects cautious optimism amidst ongoing uncertainties. Traders should closely monitor economic data, technical levels, and sector rotations for potential trading opportunities.

Morning Dose: Futures Point to Trade Uncertainty

A quick analysis of today’s market outlook and key trading opportunities to start your day.

Intro & Market Mood

Welcome to The Morning Dose – Everything You Need to Know Before the Market Opens. Good morning! It looks like we’re gearing up for a slightly hesitant start today. Futures are looking a bit soft this morning, with S&P futures down about nine points, Nasdaq 100 futures off by thirty, and the Dow Jones Industrial Average futures indicating an 82-point dip, roughly 0.2% below fair value.

Overnight Headlines

The U.S.-China trade news is influencing market sentiment with a framework agreement announcement, pending further details and sign-off from President Trump and President Xi. May Consumer Price Index (CPI) data scheduled for release at 8:30 AM Eastern is anticipated to impact discussions on inflation trends and economic implications.

Economic Announcements

The 2-year and 10-year Treasury note yields are slightly up ahead of a $39 billion 10-year note auction today around 1:00 p.m. Eastern.

Earnings Highlights

  • CHWY (Chewy) beat earnings but is down over 8% in pre-market trading.
  • PLAY (Dave & Buster’s) is up nearly 6% despite missing earnings, citing positive recent trends.
  • GTLB (GitLab) beat expectations but is down approximately 12%.

Top Movers

GM (General Motors) is up around 0.6% following a significant investment announcement, while NVDA (NVIDIA) and TSLA (Tesla) are showing notable movements based on recent statements.

Quick Trade Ideas

  • Keep an eye on XLY (Consumer Discretionary) and XLE (Energy) for strength, especially significant trends like NVIDIA’s exploration of quantum computing.
  • Watch individual earnings movers like PLAY and CHWY for opportunities, but exercise caution as seen with GTLB‘s unexpected drop.