Conflicting Claims on U.S./China Trade Sends Pre-Markets in the Red
From Nasdaq: 2025-04-25 10:35:00
Pre-market futures are slightly down, with the Dow at -147 points, S&P 500 -10, Nasdaq -60, and Russell 2000 -15. Bond yields are falling, with the 10-year below 4.3% and the 2-year under 3.8%. Trade talks between Trump and China remain uncertain, impacting the market’s positive sentiment.
Colgate-Palmolive beats Q1 earnings estimates, with earnings of 91 cents per share and $4.91 billion in revenue. AbbVie also surpasses estimates with earnings of $2.46 per share on $13.34 billion in revenue. AutoNation beats expectations but faces challenges due to tariff-based vehicle costs. Lazard impresses with a 93% earnings beat.
The market awaits April Consumer Sentiment data today. Next week will bring heavy earnings reports from big tech companies like Microsoft, Meta, Apple, and Amazon. Private-sector payrolls and non-farm payrolls are also due. Personal Consumption Expenditures for March will be released in the coming week. Market volatility is expected amid ongoing trade talks.
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