#WATCH | "Any day when the President isn't commenting on tariffs is a good day for markets," says Ed Yardeni, analyzing US stock market moves amid trade war uncertainty.
Watch the full interview: https://t.co/4og4VSUhIy @yardeni @_sherylld @nikunjdalmia pic.twitter.com/TQ8nOqmMYj
— ET NOW (@ETNOWlive) April 28, 2025
U.S. stock futures were slightly lower on Monday morning as investors prepared for a busy week of earnings reports and economic data. Futures tied to the Dow Jones Industrial Average fell 59 points, while Nasdaq 100 futures lost 0.26%. More than 180 S&P 500 companies are set to report results this week, making it the busiest period of the first-quarter earnings season.
Heavyweights such as Apple, Amazon, and others are scheduled to release their quarterly reports. So far, earnings results have been somewhat strong, with 73% of companies reporting beating analysts’ estimates. This is slightly below the 5-year average of 77%, according to FactSet data.
Stocks To Watch | 📊Ready, set, trade! Keep an eye on these stocks as they set the market abuzz #StockMarket #Q4FY25 #Q4FY25Results pic.twitter.com/FBNX5zl7qd
— ET NOW (@ETNOWlive) April 28, 2025
Stocks can be down double digits on the year, but it is quite rare.
But when it happens, there is always a major catalyst.
S&P 500 is down 10% YTD in 2025. Will tariffs be added to this rare list? pic.twitter.com/1dizOxeX4E
— Ryan Detrick, CMT (@RyanDetrick) April 27, 2025
However, companies are providing uncertain guidance for the second quarter and the full year, influenced in part by President Donald Trump’s tariffs. April has seen stocks whipsaw across a wide trading range following the announcement of tariffs and subsequent revisions. The Dow is down 1.5% so far in April, while the S&P 500 is on track to lose 4.5%.
The Nasdaq Composite is up 0.5%.
Stock futures dip during busy week
The S&P 500 showed signs of recovery since April 7 but has struggled to break through key resistance levels.
Adam Turnquist, chief technical strategist for LPL Financial, said, “While it may be too early to make the technical case for a bottom in beta underperformance, the recent rebound off key support implies investors should remain on high alert for a potential shift back toward risk-on leadership.”
This week will also feature multiple reports on the labor market and key data on inflation and economic growth. The nonfarm payrolls release on Friday and the first-quarter gross domestic product and the Fed’s preferred inflation gauge on Wednesday are among the most anticipated reports. Asia-Pacific markets traded mixed Monday as investors assessed China’s promises to support domestic businesses and developments in trade negotiations between the U.S. and countries in the region.
Mainland China’s Shanghai Composite Index fell 0.14%, while Hong Kong’s Hang Seng Index closed flat. India’s benchmark Sensex rose 1.23%, with the broader Nifty 50 gaining 1.31%. In Japan, the benchmark Nikkei 225 added 0.38%, while the broader Topix index advanced 0.86%.
Futures tied to the Dow shed 74 points, or nearly 0.2%, shortly after 6 p.m. ET Sunday. S&P 500 futures also shed 0.2%, while Nasdaq 100 futures lost 0.3%. This report provides a snapshot of current stock market trends and expectations for the upcoming week.
Investors are advised to stay tuned for further updates as the week progresses.