Market Indexes Show Modest Gains in Premarket Trading
Major U.S. stock indexes are pointing to a slightly higher open on Thursday, August 28, 2025, as investors digest Nvidia’s latest earnings report and await key economic data. S&P 500 futures are up 0.1%, Nasdaq 100 futures have gained 0.12%, and Dow Jones Industrial Average futures are trading 0.14% higher in premarket markets today.
The S&P 500 and Nasdaq are each up more than 2% for August, while the 30-stock Dow has gained over 3% this month, showing resilience despite recent concerns about Federal Reserve independence following President Trump’s controversial attempt to remove Fed Governor Lisa Cook.
Nvidia Steadies After Initial Post-Earnings Dip
Nvidia (NVDA), which now makes up approximately 8% of the S&P 500, reported second-quarter results that beat Wall Street’s estimates with impressive revenue growth of 56% year-over-year. The AI chipmaker posted revenue of $46.7 billion and adjusted earnings of $1.05 per share, slightly above analysts’ expectations.
Despite the strong results, Nvidia shares initially pulled back in after-hours trading as investors scrutinized data center revenue of $41.1 billion, which fell slightly short of some analysts’ elevated expectations. However, the stock has stabilized in premarket trading and is now hovering near the flatline.
“The negative stock reaction feels like a bit of an incorrect knee-jerk reaction,” said David Wagner, head of equity at Aptus Capital Advisors, adding that investors should be “buying the pullback.” “The company is still growing over 50% on their guidance at a $50B quarterly revenue run rate – that’s remarkable, even for the current valuation.”
Premarket Movers: Winners and Losers
Several stocks are making significant moves in Thursday’s premarket session:
Top Gainers:
– Telomir Pharmaceuticals (TELO) is up 53% at $2.27
– AquaBounty Technologies (AQB) is up 26% at $1.15
– Green Plains (GPRE) is up 17% at $11.73
– Pure Storage (PSTG) is up 16% at $70.88
– Phibro Animal Health (PAHC) is up 15% at $37.16
– Snowflake (SNOW) is up 13% at $228.38
Pure Storage reported second-quarter earnings of $0.43 per share, beating estimates of $0.39, and posted revenues of $861 million, surpassing expectations by 1.8%. The company has raised its full-year revenue guidance, contributing to investor optimism.
Snowflake shares jumped after the cloud software company’s second-quarter results exceeded expectations and it lifted its outlook amid strong sales.
Top Losers:
– CEL-SCI Corporation (CVM) is down 30% at $9.05
– Cognition Therapeutics (CGTX) is down 15% at $2.59
– The Cooper Companies (COO) is down 13% at $63.77
– Domo (DOMO) is down 12% at $15.45
– NetApp (NTAP) is down 7% at $104.00
Upcoming Market Events and Economic Data
Investors are now looking ahead to Friday’s personal consumption expenditures (PCE) price index report, the Federal Reserve’s preferred inflation gauge. Economists polled by Dow Jones expect the July PCE reading to show a rise of 0.2% for the month and 2.6% for the year.
This inflation data will be closely watched as it could influence the Federal Reserve’s upcoming interest rate decisions, especially following Fed Chair Jerome Powell’s recent signals that rate cuts could be on the horizon. Last week, the Dow soared 800 points and hit a record high after Powell hinted at potential rate cuts.
Trump Administration Policy Impacts
Market participants continue to monitor developments from the Trump administration that could affect various sectors. Recent announcements include plans for higher tariffs on furniture to be implemented within the next 50 days and the imposition of 50% tariffs on imports from India.
Additionally, investors are assessing how Trump’s approach to the Federal Reserve might evolve, particularly after his attempt to remove Fed Governor Lisa Cook, a move that Cook plans to legally challenge.
Global Trade Concerns
International trade tensions are also in focus as Australia Post announced it will partially suspend some deliveries to the U.S. effective August 26, 2025, joining a growing list of places suspending U.S. parcel shipments as a tariff exemption ends.
These developments highlight the ongoing challenges in global trade relations that could potentially impact supply chains and corporate earnings in the coming quarters.
As markets today continue to digest these various factors, the resilience shown by major indexes suggests investors remain cautiously optimistic about economic growth prospects despite policy uncertainties and geopolitical tensions.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.