Markets Overview – August 11, 2025

  • Major Indices Declined :

    S&P 500 (SPX): -0.25%

    Dow Jones (DJI): -0.45%

    Russell 2000 (RUT): -0.09%

  • On August 11, 2025, U.S. stock indexes dipped, with the S&P 500 and Nasdaq each down 0.3% and the Dow falling 0.5%, stepping back from recent highs.

  • Investors focused on the upcoming CPI report, expected to show inflation at 2.8% annually for July. Chip stocks Nvidia and AMD fell 0.3% after agreeing to share 15% of China chip revenues with the U.S. government.

  • Stock futures mostly dipped early Tuesday, with Dow futures up 0.17%, Nasdaq 100 down 0.02%, and S&P 500 down 0.35%, as investors awaited the July CPI report, expected to show 2.8% annual inflation and 3.1% core inflation. Investors ignored Trump’s 90-day tariff pause on Chinese goods, focusing on potential Fed rate cuts, with an 87% chance priced in for September.

    Key Movers

  • Intel rose 3.5% amid a CEO-White House meeting, and Micron gained 4% after raising guidance. Gold futures dropped 2.48% to $3,404.7, oil edged up 0.13% to $63.96, and the 10-year Treasury yield held at 4.279%.

  • Intuit fell 5.7%, Hershey 4.8%, while TKO Group surged over 10%. C3.ai plummeted over 25% after weak results, and marijuana and meme stocks rallied.

Today’s Economic Calendar — Tuesday, August 12

  • 6:00 am- NFIB optimism index for July (99.0 median forecast vs 98.6 previous).

  • 8:30 am- Consumer Price Index and Core CPI for July & YoY.

  • 2:00 pm- Monthly U.S. federal budget for July ($227.7B median forecast vs $244B previous).

Technical Setups- Indices & ETFs

Dow Jones Industrial Average (DJI)

  • The index declined -0.45% to close at 43,975.09.

  • Support for the day: 43,915.86, with potential upside levels at 44,085.52 and 44,236.45.

NASDAQ 100 (NDX)

  • The index closed at 23,526.63, with support for the day at 23,449.34 and potential upside levels at 23,543.77 and 23,605.99.

S&P 500 (SPX)

  • The index closed at 6,373.45, with support at 6,348.18 and potential upside levels at 6,397.84 and 6,414.04.

SPDR S&P 500 ETF Trust (SPY)

  • The price was trading at $635.87 pre-market, with support at $634.66 and potential upside levels at $637.35 and $638.95.

Invesco QQQ Trust Series 1(QQQ)

  • The price was trading at $572.92 pre-market, with support at $571.91 and potential upside levels at $574.36 and $575.96.

iShares Russell 2000 ETF (IWM)

  • The price was trading at $220.51 pre-market, with support at $220.12 and potential upside levels at $221.05 and $221.45.

VanEck Semiconductor ETF (SMH)

  • The price was trading at $293.90 pre-market, with support at $293.66 and potential upside levels at $294.35 and $294.92.

Direxion Daily Semiconductor Bull 3X Shares (SOXL)

  • The price was trading at $25.77 pre-market, with support at $25.645 and potential upside levels at $25.82 and $25.97.

Earnings Snapshot: Reported Today (Before Open)

Sea Ltd (SE)

  • Sea Limited reported a robust Q2 2025 with total GAAP revenue of US$5.3 billion (up 38.2% YoY), gross profit of US$2.4 billion (up 52.1% YoY), and net income of US$414.2 million, driven by strong growth in e-commerce (Shopee: US$3.8 billion revenue, 28.2% GMV growth), digital financial services (Monee: US$882.8 million revenue, 70.0% YoY growth), and digital entertainment (Garena: US$559.1 million revenue, 28.4% YoY growth), with total adjusted EBITDA rising 84.9% to US$829.2 million.

  • The price was trading at $158.50 pre-market, with support at $158.01 and potential upside levels at $160.06 and $161.30.

On Holding AG (ONON)

  • On Holding AG (NYSE: ONON) reported record Q2 2025 results, with net sales reaching CHF 749.2 million, up 32.0% year-over-year (38.2% on a constant currency basis), driven by a 47.2% increase in direct-to-consumer sales (CHF 308.3 million) and a 23.1% rise in wholesale sales (CHF 441.0 million).

  • Gross profit grew 35.4% to CHF 460.8 million, with a gross profit margin of 61.5% (up from 59.9%), and adjusted EBITDA increased 50.0% to CHF 136.1 million, with an 18.2% margin. However, net income fell 232.7% to a loss of CHF 40.9 million, with basic and diluted EPS at CHF -0.12, impacted by foreign exchange losses.

  • For the six-month period, net sales rose 37.2% to CHF 1,475.8 million, gross profit increased 39.2% to CHF 896.1 million (60.7% margin), and adjusted EBITDA grew 52.2% to CHF 256.1 million, though net income dropped 87.1% to CHF 15.8 million. On raised its full-year 2025 guidance, expecting net sales of at least CHF 2.91 billion (31% growth on a constant currency basis), a gross profit margin of 60.5-61.0%, and an adjusted EBITDA margin of 17.0-17.5%.

  • The price was trading at $50.55 pre-market, with support at $50 and potential upside levels at $50.97 and $51.47.

Cardinal Health Inc (CAH)

  • Cardinal Health’s Q4 FY2025 revenue of $60.2 billion missed estimates, but adjusted EPS rose 13% to $2.08, beating forecasts, with all five segments posting double-digit profit growth. Full-year revenue fell 2% to $222.6 billion (up 18% excluding the expired OptumRx contract), while adjusted EPS climbed 9% to $8.24. The company raised FY2026 EPS guidance to $9.30–$9.50, announced the acquisition of Solaris Health, and reported $2.5 billion in adjusted free cash flow, projecting $2.75–$3.25 billion for FY2026.

  • The price was trading at $148.90 pre-market, with support at $146.82 and potential upside levels at $150.01 and $151.53.

Earnings Snapshot: Reporting Today (After Close)

CoreWeave Inc (CRWV)

  • CoreWeave is set to report Q2 2025 results after market close on August 12, with analysts expecting revenue of about $1.08 billion—its first billion-dollar quarter—up from $981.6 million in Q1, but still posting an adjusted loss of $0.17–$0.23 per share due to heavy AI infrastructure spending of $3–$3.5 billion. Investors are watching the August 14 IPO lockup expiry, high client concentration, elevated debt, and the pending Core Scientific acquisition for potential risks.

  • The price was trading at $135.60 pre-market, with support at $134.55 and potential upside levels at $136.70 and $137.25.

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