From Nasdaq: 2025-05-06 11:18:00

Pre-market indexes are down this morning, following a selloff on Monday. The new record-low trade deficit of -$140.5 billion for March contributes to the negative sentiment. Dow is -300 points, S&P 500 -50, Nasdaq -250, and Russell 2000 -20 points. Q1 earnings reports are being closely watched.

DoorDash shares drop -5% despite beating earnings estimates by +10% at 44 cents per share. Revenues of $3.03 billion miss expectations. Archer-Daniels-Midland beats estimates by a penny at 70 cents per share but still lower than year-ago quarter. Marriott beats earnings by 5 cents at $2.32 per share.

The Federal Open Market Committee meeting begins today, with no expected interest rate moves. Global trade realities affect the U.S. dollar, but bond yields are stable. Q1 earnings season continues after the close, with companies like AMD, EA, and WYNN reporting.

Zacks’ Research Chief highlights a stock set to double in value soon. This top pick is a financial firm with a fast-growing customer base and innovative solutions. The stock could surpass previous Zacks picks like Nano-X Imaging (+129.6%). See the top stock and runners-up for potential gains.



Read more at Nasdaq: Trade Deficit Comes in Record High for March