
September S&P 500 E-Mini futures (ESU25) are down -0.09%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.08% this morning as earnings from the nation’s retail heavyweights kicked off, shifting the focus to the strength of the American consumer.
Home Depot (HD) rose over +1% in pre-market trading after the giant home-improvement retailer reiterated its full-year guidance. However, the company reported slightly weaker-than-expected Q2 results. Investors will pay close attention to earnings reports from more U.S. consumer giants, including Target (TGT) and Walmart (WMT), over the next few days for clues on the impact of tariffs.