U.S. stock futures rose Tuesday morning ahead of a busy week of corporate earnings reports and key economic data releases. The Dow futures gained 0.28%, the S&P 500 futures added 0.19%, and the Nasdaq futures ticked up 0.20% at 5:45 a.m. ET. Investors are closely watching how updates on corporate profits and potential changes in automotive tariffs will impact future earnings and consumer spending.
Around 180 companies in the S&P 500 are scheduled to report quarterly results this week.
Stocks To Watch | 📊Ready, set, trade! Keep an eye on these stocks as they set the market abuzz #StockMarket #Q4FY25 #Q4FY25Results pic.twitter.com/qPh4UKDEYw
— ET NOW (@ETNOWlive) April 29, 2025
Four of the “Magnificent Seven” tech giants—Amazon, Apple, Meta, and Microsoft—are set to release their earnings, which could dictate the market’s tone. “It’s fair to say that these Mag-7 earnings will go a long way to dictating the tone of the week,” said Jim Reid, Deutsche Bank’s global head of macro and thematic research.
#MarketAlert | US Markets At Close: Dow up 0.28%, S&P 500 up 0.06%, Nasdaq down 0.1%#Dow #SP500 #NASDAQ100 #nasdaq #USMarket #GlobalMarket #TrumpTariffs #Trump pic.twitter.com/BS9MtldKqb
— ET NOW (@ETNOWlive) April 29, 2025
Other major companies reporting this week include Coca-Cola, Visa, Pfizer, Starbucks, Chevron, McDonald’s, Eli Lilly, and General Motors.
S&P 500 wrapped up last week with four consecutive days of positive gains…longest streak since mid-January
[Past performance is no guarantee of future results] pic.twitter.com/6O2Xl1oe1z— Liz Ann Sonders (@LizAnnSonders) April 28, 2025
Tech giants’ earnings set market tone
On the economic front, the gross domestic product (GDP) for the first quarter and the Federal Reserve’s preferred inflation gauge will be released on Wednesday.
S&P 500 stock valuations are still expensive relative to historical averages 🚨🚨 pic.twitter.com/eTrG7gtuuq
— Barchart (@Barchart) April 28, 2025
Economists expect the GDP to show 0.3% growth, which would be the softest quarter since the second quarter of 2022, according to Mike O’Rourke, chief market strategist at JonesTrading. The April jobs report, due on Friday, is also in focus, with economists forecasting 130,000 new jobs added. The Trump administration is expected to ease some existing tariffs on automotive parts, retroactively reimbursing automakers who have already paid these duties, according to the Wall Street Journal.
This move could boost market sentiment. In corporate news, bedding products manufacturer Leggett & Platt maintained its full-year guidance but warned that tariffs could impact consumer confidence and discretionary spending. Woodward and F5 both reported fiscal second-quarter results that surpassed analysts’ expectations.
The combination of earnings reports, potential tariff adjustments, and key economic data is expected to drive market dynamics this week.
