Earnings Season On Deck, Futures Flat Pre-Bell on Wall Street; Asia Up, Europe Off

07:25 AM EDT, 10/09/2025 (MT Newswires) -- Wall Street futures pointed sideways pre-bell Thursday as traders awaited the impending earnings season, and comments by Federal Reserve Chair Jerome Powell.

Powell will address a community bank conference in Washington at 8:30 am ET, via recorded video, with his comments parsed for clues as to whether the central bank will announce a rate cut on Oct. 29.

In the futures, the S&P 500 was flat, the Nasdaq declined 0.1% and the Dow Jones was up 0.1%.

On the earnings scene, PepsiCo (PEP) shares rose 1.2% pre-bell after the beverage giant reported fiscal Q3 core earnings and revenue above Street views, in pre-market trading.

Delta Air Lines (DAL) shares rose 5.9% pre-bell after the airline reported Q3 earnings and revenue above consensus, before the market open.

Gold and silver prices both tested new all-time highs in early morning hours.

Asian exchanges traded mostly north overnight in tech-sector rallies, with a fresh all-time zenith struck on Tokyo's benchmark Nikkei 225.

European bourses were mostly lower midday on the continent.

On the economic calendar is the weekly EIA natural gas report at 10:30 am ET.

In addition to Chair Jerome Powell, Federal Reserve officials Vice Chair Michelle Bowman, Governor Michael Barr and San Francisco President Mary Daly are slated to speak on Thursday.

In pre-market action, Bitcoin traded at $122,664, West Texas Intermediate crude oil traded lower at $62.33, and 10-year US Treasuries offered 4.12%. Spot gold traded for $4,053 an ounce.

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