Pre-Bell｜S&P, Nasdaq Futures Edge Up; SoFi Rallies 11%; Nvidia, AMD Gain over 1%; UnitedHealth Sinks 2%; Novo Nordisk Plunges 20%

S&P 500 and Nasdaq futures ticked higher on Tuesday as investors assessed earnings reports from some of the top U.S. companies, while Dow futures lost some steam following a gloomy outlook from heavyweight UnitedHealth.

Market Snapshot

At 8:15 a.m. ET, Dow e-minis were up 65 points, or 0.14%, S&P 500 E-minis were up 15.5 points, or 0.24%, and Nasdaq 100 E-minis were up 110.25 points, or 0.47%.

Pre-Market Movers

SoFi Technologies rose 11%. The fintech reported better-than-expected adjusted earnings and posted revenue of $858 million, marking 44% growth andthe company’s highest growth rate in over two years. Management boostedSoFi’sfull-year outlook “given the strong first half of the year,” raising estimates for adjusted net revenue to $3.375 billion, compared with a prior range of $3.235 billion to $3.31 billion.

UnitedHealth Group reported second-quarter adjusted earningsof $4.08 a share, missing analysts’ estimates of $4.48. Revenue of $111.6 billion beat expectations of $111.5 billion.UnitedHealthsaid it expects adjusted earnings in 2025 of “at least” $16 a share and revenue in the range of $445.5 billion and $448 billion. The stock declined 2%.

Sarepta Therapeutics soared 36% after being notified by the Food and Drug Administration the company may lift its voluntary pause on shipments of its gene therapy for ambulatory patients with Duchenne muscular dystrophy.Sarepta said it imminently would resume shipping Elevidysfor treatment of patients who can walk with DMD. Shipments of the medicine were paused by request of the FDA following safety concerns.

United Parcel Service declined 2.8% after reportingsecond-quarter adjusted earningsof $1.55 a share, below consensus of $1.57. UPS said it wouldn’t providing revenue or operating profit guidance for fiscal 2025.

Shares of Boeing were rising 0.7% after the aerospace giant reported a second-quarter adjusted loss of $1.24 a share, narrower than expectations that called for a loss of $1.40. The commercial jet maker reported revenue of $22.7 billion, better than forecasts of $21.7 billion.

Novo Nordisk sank 21% in U.S. trading after the Danish weight-loss drugmaker unexpectedly cut itsfull-year guidance, citing lower sales expectations for its blockbuster drugs Wegovy and Ozempic in the U.S. market.

Whirlpool tumbled 17% after the appliance maker reduced its full-year adjusted earnings guidance to between $6 and $8 a share, down from previous expectations of $10, saying it believes “evolving tariff policies will ultimately support domestic manufacturers.” Second-quarter earnings and revenue missed analysts’ estimates as the period “continued to be impacted by competitors stockpiling Asian imports
into the U.S,” Whirlpool said. The company added it was recommending to its board an annual dividend of $3.60 a share, down from $7.

Spotify Technology fell 7% after reporting a surprise second-quarter loss and as revenue missed analysts’ estimates.

PayPal Holdings logged its sixth consecutive quarter of profitable growth and reported second-quarter earnings that topped expectations. Transaction margin dollars, a key measure of profitability, grew 7% from the prior year to $3.8 billion. Shares fell 2.8% after rising earlier in premarket trading.

Shares of Procter & Gamble, the parent company of household brands such as Pampers and Gillette, rose 0.9% after the company posted better-than-expected quarterly earnings and sales.The company reported adjusted earnings of $1.48 a share in its fiscal fourth quarter, beating analysts’ consensus of $1.42. Sales totaled $20.9 billion, just above Wall Street’s forecast of $20.8 billion. Organic sales rose 2% from the same period last year.

VeriSign fell 7% after the domain-name-registry provider launched a secondary offering by affiliates of Berkshire Hathaway for 4.3 million VeriSign common shares. The sale will bring Berkshire Hathaway’s stake in VeriSign below 10%. Berkshire will own about 9 million shares following the deal, which will be underwritten by J.P. Morgan.

Cadence Design Systems, a maker of electronic systems and software, reported second-quarter adjusted earnings of $1.65 a share, topping analysts’ consensus of $1.56, and raised expectations for fiscal-year adjusted profit to $6.85 to $6.95 a share, which also was better than current estimates. The company also said it would pay $140.6 million under a plea agreement with the U.S. government to settle claims it illegally exported products to China between 2015 and 2021. Shares rose 8.2%.

Nucor was falling 4.5% after the largest steel maker in the U.S. posted second-quarter earnings and revenue that missed analysts’ estimates and said it expects third-quarter earnings “to be nominally lower than the second quarter of 2025, due to decreased earnings in the steel mills segment and similar earnings in the steel products and raw materials segments.”