US markets today: Dow, S&P 500, Nasdaq futures indicate mixed open; TSMC, Netflix other earnings in focus

Investors will also keep a watch on the retail sales data for the US economy, along with the weekly jobless claims data, which is expected to be released on July 16, as per the economic calendar.

Before the stock markets opened on July 16, the Dow Jones futures were trading 0.12% higher at 52,965 points, indicating around a 300-point gap-up opening on Thursday’s trading session compared to the previous market close.

While the S&P 500 index futures were trading 0.31% lower at 7,591 points ahead of the opening bell, indicating a near-flat but positive opening on Thursday’s trading session, according to CME Group’s data.

The Nasdaq 100 futures were trading 0.97% lower at 29,404 points, indicating a lower opening ahead on Thursday’s trading session amid high selling pressure among tech stocks in other global markets like Asia.

Key things to watch before US market opens

US market recap

After Wednesday’s trading session, the Dow Jones Industrial Average closed 0.29% higher at 52,658.64 points, compared to 52,508.27 points at the previous stock market close, according to MarketWatch data.

The S&P 500 index also closed 0.38% higher at 7,572.40 points after the Wall Street close on July 15, compared to 7,543.59 points at the previous trading close.

In contrast, the tech-heavy Nasdaq 100 index ended 0.28% lower at 29,502.60 points after Wednesday’s trading session, compared to 29,586.29 points at the previous Wall Street close.

Tech, hardware and semiconductor component manufacturing companies were witnessing major selling pressure intraday from investors on July 15, as traders booked profits on the backdrop of earnings while shifting their investments to other traditional sectors.

In the global market on July 16, data showed South Korea’s KOSPI crashed 6.4%, and Japan’s Nikkei 225 dropped 2.8% due to the continued selling pressure from investors among tech and chipmaking stocks.

US stocks to watch on July 16

One of the world’s largest asset management firms soared past $15 trillion, as per the reports.

Filings suggest that Wipro reported a gross revenue of ₹24,480 crore, marking a 1% rise on a quarter-on-quarter (QoQ) basis and a 10.6% increase on a year-on-year (YoY) basis.

While the net profit for the April to June quarter stood at ₹3,360 crore, down 4.7% sequentially but has risen 0.6% on a YoY basis.

US PPI data support

The equity market investors will continue to trade based on the US producer price index (PPI) data support, which eased for the 12 months ended June 2026. However, concerns of inflation still remain due to the continued escalations in West Asia.

US Bureau of Labor Statistics data showed that the US PPI index dropped to a 0.3% increase in June 2026, as compared to a 0.6% rise in May 2026, indicating easing concerns for the US central bank to potentially carry out several rate hikes this year.

CME Group’s FedWatch data suggests that 87.7% of the market estimates the US Federal Reserve to hold interest rates in the 3.5-3.75% range, while 12.3% estimates a 25 basis point rate hike to 3.75-4% in the upcoming July FOMC meeting on the backdrop of falling CPI and wholesale inflation.

Crude oil snapshot

Crude oil prices were trading $80 per barrel (bbl) on Thursday’s trading session in the global market as the United States and Iran entered the fifth day of strikes against each other despite an existing ceasefire agreement.

The latest report from CNN showed that the Iranian military has reportedly warned that the Strait of Hormuz was an “unbreakable red line” amid the ongoing escalations between the United States and Iran.

Investing.com data showed that crude oil prices have risen nearly 12% in the last one week, and 7% in the last one month period. However, overall, the energy prices have declined 15% in the last three months.