Benzinga·2025-10-09 09:41Market Overview - U.S. stock futures declined on Thursday following a mixed close on Wednesday, with major benchmark indices showing lower futures [1][3] - The Nasdaq Composite reached new all-time highs, driven by a surge in technology stocks, particularly Advanced Micro Devices Inc. (AMD) and Micron Technology Inc. (MU) [1][8] Federal Reserve Insights - The Federal Reserve's minutes indicated that President Trump's trade tariffs are impacting growth and inflation outlooks, raising concerns about the sustainability of interest rate cuts [2] - Market expectations for a rate cut in the upcoming October meeting are high, with a 94.6% likelihood priced in [3] Company Performance - PepsiCo Inc. (PEP) is set to release earnings, with analysts expecting $2.26 per share on revenue of $23.83 billion, while maintaining a weaker price trend [6] - Turn Therapeutics Inc. (TTRX) saw a significant increase of 271.43% after starting trading on the Nasdaq [7] - AiRWA Inc. (YYAI) gained 47.72% following a rebranding, shifting focus to Web3 and blockchain services [7] - Delta Air Lines Inc. (DAL) is expected to report earnings of $1.52 per share on revenue of $15.04 billion, with a mixed price trend [7] - Levi Strauss & Co. (LEVI) anticipates quarterly earnings of 31 cents per share on revenue of $1.50 billion, showing a stronger price trend [7] Sector Performance - The industrials, information technology, and utilities sectors led the S&P 500 to a positive close, while energy and financial stocks performed poorly [5] - The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust ETF (QQQ) both experienced declines in premarket trading [3] Economic Indicators - Crude oil futures increased by 0.32% to approximately $62.68 per barrel, while gold prices fell slightly [13] - Upcoming economic data includes initial jobless claims and wholesale inventories, with several Federal Reserve officials scheduled to speak [14]