Dow Futures Slide as Growth Worries Dampen Sentiment

The Morning Bull - US Market Morning Update Friday, Oct, 17 2025

US stock futures are sliding in early hours as weaker business and manufacturing data, combined with concerns about credit quality and cautious retail spending, are weighing on investor confidence. Persistent anxiety over the pace of economic growth is fueling strong demand for government bonds and prompting investors to question whether consumer and business activity can hold up if conditions continue to deteriorate.

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Top Movers

• Micron Technology (MU) rallied 5.52% after Citi boosted its price target, citing strong DRAM demand outlook.
• ON Semiconductor (ON) climbed 5.18% ahead of its upcoming Q3 earnings report, which is scheduled for November 3.
• Newmont (NEM) gained 5.01% as Citi lifted its price target and highlighted bullish momentum in the gold sector.

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Top Losers

• Kenvue (KVUE) dropped 13.22% after a major UK talc-related lawsuit raised fresh litigation risks.
• F5 (FFIV) fell 10.70% after shares reacted to news of a China-backed hackers’ long-term breach.
• Hewlett Packard Enterprise (HPE) declined 10.14%.

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On The Radar

Regional bank earnings take center stage in Friday’s pre-market, with sector performance and loan quality trends under close watch.

• Regional Banks Earnings: Fifth Third Bancorp (FITB), Regions Financial (RF), Huntington Bancshares (HBAN), Truist Financial (TFC) all report Q3 results Friday morning. These reports provide insight into lending margins and deposit trends as credit quality concerns increase.
• State Street (STT): Q3 earnings on Friday at 7:30 AM will update investors on custody fee growth and institutional activity flows.
• American Express (AXP): Q3 earnings on Friday at 7:00 AM focus on cardholder spending trends and net charge-offs in a softer consumer environment.
• SLB (SLB): Q3 earnings on Friday at 7:00 AM will show how energy services margins are performing amid volatile crude inventories.
• US Manufacturing & Services Data: The latest Philadelphia Fed and NY business surveys released Thursday will influence market expectations regarding industrial activity and the timing of potential rate cuts.

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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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