Morning Dose #100: Tech Turmoil Sparks Futures Fear – Wednesday 8/20/2025
Key takeaways
- Market sentiment cautious, pressure on tech, drama in retail earnings, Fed anticipation. Stay nimble, respect price action, and be cautious in trading decisions.
- Thank you for tuning in to The Morning Dose. Wishing you a profitable trading day!
Morning Dose: Tech Turmoil Sparks Futures Fear
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’s shaping up to be another interesting session. Futures are pointing to a weaker open across the board. S&P futures are down about thirteen points, and Nasdaq futures are off by nearly eighty.
Overnight Headlines
- Market Mood: Mega-cap and technology names facing considerable weakness, Dow flat after hitting a new high.
- Fed Focus: Attention on Fed Chair Powell’s speech at Jackson Hole, FOMC Minutes from July meeting today.
- Political News: White House pushing for Stephan Miran’s nomination to the Fed Board.
Economic Announcements
Key focus on Fed dynamics and rate cut expectations ahead of upcoming events.
Earnings Highlights
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Lowe’s (LOW): Up 4.5% pre-market, beat EPS expectations, announces $8.8B acquisition.
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TJX (TJX): Strong performance, beat on top/bottom lines, raises guidance.
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Target (TGT): Down almost 10%, C-suite shakeup impacts investor sentiment.
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Estee Lauder (EL): Down 7%, missed EPS, lowered full-year earnings guidance.
Top Movers
Single-stock Stories: Tesla (TSLA) in the news for political focus, caution advised on market sentiment. Relative strength in defensive sectors over tech.
Quick Trade Ideas
Key levels to watch: SPY support at 638.50, 639.50 for upside breakthrough. QQQ support at 567.80, cautious approach recommended with volatility expected post-Fed minutes release.