Dow Futures Inch Higher as Rate Cut Bets Rise

The Morning Bull - US Market Morning Update Wednesday, Oct, 8 2025

US stock futures are inching higher this morning as investors try to look past a stalled federal budget deal and signs that consumer sentiment is slipping. The ongoing government shutdown along with a notable slowdown in consumer credit growth are fueling uncertainty, making investors laser-focused on whether the Federal Reserve will follow through with expected rate cuts to help shore up confidence across the broader market.

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Top Movers

• AppLovin (APP) jumped 7.64% as upbeat analyst sentiment outweighed ongoing SEC probe headlines.

  

• Figma (FIGMA) surged 6.81% after being featured as a partner in OpenAI’s latest launch event.
• SoFi Technologies (SOFI) rose 6.75% on continued strong growth momentum in its digital financial services.

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Top Losers

• Strategy (MSTR) dropped 8.70% after pausing its Bitcoin purchases and reporting a $3.9 billion loss.

  

• Venture Global (VG) fell 7.53%, with no specific news driving the move.
• Seagate Technology Holdings (STX) declined 7.34%, despite positive momentum and analyst upgrades earlier this week.

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On The Radar

As traders digest economic headwinds, PepsiCo's earnings and fresh Fed commentary are in sharp focus midweek.

• PepsiCo (PEP): Q3 earnings roll out early Thursday, providing insight into global consumer spending trends and margin resilience.
• Federal Reserve Outlook: Upcoming Fed official remarks expected midweek could clarify the timing of potential rate cuts and influence the market tone.
• US Economic Data: Key indicators to be released this week will help shape expectations for the pace of consumer recovery and borrowing activity.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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