U.S. stock futures were swinging on Thursday following Wednesday’s mixed moves. Futures of major benchmark indices were mixed.
The Donald Trump administration filed an appeal with the Supreme Court on Wednesday, asking for an expedited review after a federal appeals court declared last week that the president had overstepped his authority.
“If we don’t win that case, our country is going to suffer so greatly, so greatly,” Trump said to reporters at the White House on Wednesday. He added that the tariffs were critical to trade agreements negotiated with major allies, including the European Union, Japan, and South Korea, in recent months.
Meanwhile, the 10-year Treasury bond yielded 4.20% and the two-year bond was at 3.60%. The CME Group’s FedWatch tool‘s projections show markets pricing a 97.5% likelihood of the Federal Reserve cutting the current interest rates for the Sept. 17 decision.
| Futures | Change (+/-) |
| Dow Jones | -0.08% |
| S&P 500 | 0.14% |
| Nasdaq 100 | 0.21% |
| Russell 2000 | 0.06% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, rose in premarket on Thursday. The SPY was up 0.13% at $644.60, while the QQQ advanced 0.18% to $571.08, according to Benzinga Pro data.
Cues From Last Session
Most sectors on the S&P 500 closed on a negative note, with industrials, energy, and materials stocks recording the biggest losses on Wednesday. However, communication services and information technology stocks bucked the overall market trend, closing the session higher and leading U.S. stocks to a mixed settlement, with the Nasdaq Composite gaining 1%.
Shares of Alphabet Inc. Class C (NASDAQ:GOOG) jumped over 9% after a U.S. court issued remedies in the DOJ antitrust case that were less severe than feared. Apple Inc. (NASDAQ:AAPL) gained about 4% as the ruling preserves a lucrative revenue stream. Campbell’s Co. (NASDAQ:CPB) shares gained 7% after posting better-than-expected earnings, while Macy’s Inc. (NYSE:M) jumped more than 20% after raising its FY2025 guidance.
Contributing to the negative sentiment on the economic front, U.S. job openings declined by 176,000 to 7.18 million in July 2025, falling short of market expectations of 7.4 million. New orders for U.S.-manufactured goods also declined by 1.3% month-over-month to $603.6 billion in July, following a 4.8% plunge in the prior month.
The Dow Jones index ended 25 points or 0.05% lower at 45,271.23, whereas …