#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 are poised for a lower open as investors brace for one of the busiest weeks of the earnings season. More than a third of S&P 500 companies, representing over 40% of the index’s market value, will report quarterly earnings this week. Among them are four of the most influential companies in the U.S. stock market: Amazon, Apple, Meta (formerly Facebook), and Microsoft.
Investors have been cautiously optimistic following Alphabet (Google’s parent company) topping analysts’ forecasts last week. Other significant companies reporting this week include Coca-Cola, Visa, Pfizer, Eli Lilly, and General Motors.
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
Even if these companies surpass earnings expectations, investors will closely scrutinize their guidance and comments for insights into how corporations and consumers are reacting to ongoing economic uncertainties.
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
Last week, American Airlines, Southwest Airlines, and Alaska Air all withdrew their earnings guidance, and United Airlines offered two scenarios based on different economic conditions.
Earnings season triggers market caution
“This is a sign that flight bookings show consumers are not only talking down the economy like they did in 2022 and 2023, they’re acting on their bad vibes, too,” commented Bill Adams, chief economist at Comerica Bank.
“I’m not aware of a public statistical indicator of airline flight bookings. But if there was one, it would likely be one of the best cyclical indicators of U.S. consumer spending.”
More than 70% advancers on the NYSE for 3 days in a row. Hasn't hit 4 since April 2020.
Strong returns across the board after this type of buying thrust. Higher a year later 27 out of 28 times for example.
Yet another rare and potentially bullish trigger from this week. pic.twitter.com/JQVntVGyht
— Ryan Detrick, CMT (@RyanDetrick) April 25, 2025
As of 6 a.m. ET, futures linked to the Dow Jones Industrial Average were up 0.04%, S&P 500 futures slipped 0.04%, and Nasdaq futures were flat. The week will culminate with the key monthly jobs report, which will provide further insights into the state of the U.S. economy.
In other news, Nike is being sued for abruptly closing its non-fungible token (NFT) business, RTFKT, in December. According to Reuters, the proposed class action filed in a Brooklyn federal court claims that the sudden closure resulted in significant financial losses for purchasers. The plaintiffs argue they would not have invested in the NFTs had they known the tokens were unregistered securities and that Nike would shut down the business.
