From Nasdaq

May 5, 2025 11:17:00 AM:

• Pre-market futures are down, with major indexes experiencing a decline of up to a full percentage point. The Dow is -225 points, the S&P 500 is -40, and the Nasdaq is -185 points.
• Warren Buffett is stepping down from his role as CEO of Berkshire Hathaway after 60 years. Vice Chair Charles Abel will take over, with Buffett staying on as Chairman. Berkshire shares are down -2.5% in pre-market trading.
• Tyson Foods posts mixed Q2 results, beating earnings estimates but missing revenue expectations. Cummins Inc. beats earnings estimates and slightly surpasses revenue expectations.
• S&P Services PMI and ISM Services reports are expected to show a slight decrease, but remain above the 50 threshold for growth. Ford, Clorox, and Lattice Semiconductor are among the companies reporting Q1 earnings after the close.
• Investors can access Zacks’ stock picks for $1 for 30 days to explore portfolio services like Surprise Trader and Technology Innovators. Berkshire Hathaway, Ford, and other companies offer free stock analysis reports on Zacks’ website.

Read more at Nasdaq: Warren Buffett Announces Stepping Down in 2026