From Nasdaq: 2025-04-23 10:22:00

Pre-market futures are up significantly following a strong trading day on Tuesday, with major indexes posting gains of +2.5% or more. The Dow is up +720 points, the S&P 500 +130, Nasdaq +550, and Russell 2000 +50. The market’s positive sentiment is linked to President Trump’s statements on tariffs and Fed Chair Jerome Powell.

President Trump indicated a potential rollback of the +145% tariff on Chinese imports, providing relief to the $440 billion Chinese goods market in the US. Tesla shares surged +7% after missing Q1 earnings due to CEO Elon Musk’s announcement of reduced involvement in a White House project. Boeing and Vertiv reported earnings beats, with Boeing showing signs of improvement after a quarterly cash burn reduction.

Vertiv exceeded earnings estimates and raised guidance, with a +24% revenue growth year over year. S&P will release U.S. Services and Manufacturing PMI for April, expected to decrease month over month. New Home Sales for March are forecasted to increase to +685K from +676K. The Beige Book from the Federal Reserve will provide economic updates for the 12 regions, reflecting pre-tariff economic conditions.



Read more at Nasdaq: Pre-Markets Back Up on Softening Stance from the White House