Premarket Calm: Markets Hold Tight Ahead of Inflation Reveal

On August 12, 2025, U.S. stock futures opened the trading day with little change, as investors held their breath for July's inflation data—a report expected to play a big role in shaping the Federal Reserve’s next move. Economists anticipate modest price gains, but core inflation may notch its steepest climb in half a year. The market has priced in roughly an 88% likelihood of a 25-basis-point cut come September.

Relief is also coming from trade developments: the U.S. and China have agreed to extend their tariff pause until November 10, easing immediate pressure—though concerns linger after President Trump removed the head of the Bureau of Labor Statistics amid controversies over payroll revisions. Dow futures edged up approximately 13 points, while S&P and Nasdaq futures remained largely unchanged.

In company-specific news, Intel saw a 3% uptick, and Palo Alto Networks rose about 1.9% after an upgraded rating. Retailer Hanesbrands surged nearly 47%, fueled by speculation of a Gildan Activewear takeover. Other strong performers included Circle Internet (+8.4%), Venture Global (+11%), and On Holding (+12.6%), buoyed by robust earnings and upward-revised sales forecasts.