From Yahoo Finance: 2025-04-09 13:41:00

Wall Street braces for companies to potentially revise guidance or pull it altogether amid tariff concerns. Delta Air Lines did not affirm its full-year forecast due to trade war uncertainty. Walmart reaffirmed profit outlook but widened operating profit growth range due to tariffs. Shares rose 5% on Wednesday.

Stocks down since Trump’s tariffs; China announces 84% tariffs on US goods in response to 104% US levies. Lower consumer and corporate sentiment raise concerns. Big bank earnings, including JPMorgan and Wells Fargo, will kick off earnings season on Friday. Market faces downside risks amid escalating tariffs.

Delta CEO notes unprecedented uncertainty from global trade discussions. Walmart maintains visibility for next 60-90 days but finds future estimates murky due to trade uncertainty. Analysts anticipate companies pulling guidance this earnings season. Market valuation challenged by escalating policy uncertainty.

Investors seek early signs of tariff impact on corporate earnings. Companies face challenges in providing high conviction guidance. Retailers like Walmart navigate uncertainty; operating profit growth range widens due to tariffs. Analysts warn of downside risks to markets and economy amid escalating trade tensions.

Read more: The trade war prompted Delta to pull its guidance. One analyst warns more companies could follow.