Wall Street up Pre-Bell Amid Trump-Fed Outlook; Asia Mixed, Europe Up

07:24 AM EDT, 06/26/2025 (MT Newswires) -- Wall Street futures pointed moderately higher pre-bell Thursday amid media reports that President Donald Trump may soon announce his pick to replace outgoing Federal Reserve Chair Jerome Powell.

The Fed chief is not slated to leave office until May of next year, but Trump's nominee might influence markets by playing the role of a more-dovish "shadow banker," while in waiting.

In the futures, the S&P 500 rose 0.3%, the Nasdaq inclined 0.4% and the Dow Jones was up 0.3%.

Asian exchanges traded unevenly overnight, while European bourses tracked moderately higher midday on the continent.

Worthington Steel (WS) traded up 16% pre-bell after reporting fiscal Q4 results, late Wednesday.

Nike (NKE) is scheduled to report results after-bell, among others.

On the economic calendar is the weekly jobless claims bulletin at 8:30 am ET, along with the May durable goods orders report, the latest Q1 GDP estimate, and the international trade in goods release for May.

Also posting at 8:30 am is the Chicago Fed National Activity Index for May, the Q1 corporate profits report, and retail and wholesale inventories for May.

The pending home sales index for May posts at 10 am, and the weekly EIA natural gas bulletin at 10:30 am.

The Kansas City Fed Manufacturing Index for June posts at 11 am.

Richmond Fed President Thomas Barkin, Cleveland Fed President Beth Hammack, Fed Governor Michael Barr, and Minneapolis Fed President Neel Kashkari speak on Thursday.

In pre-market action, Bitcoin traded at $107,318, West Texas Intermediate crude oil traded higher at $65.23, and 10-year US Treasuries offered 4.28%. Spot gold traded for $3,355 an ounce.

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