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Wall Street futures mixed as investors await big tech earnings this week

Published on 29/04/2025 05:57 PM

U.S. stock futures were largely flat on Tuesday after the S&P 500 notched its fifth consecutive gain in the previous session, reflecting investor caution ahead of a busy week of earnings.

Futures tied to the benchmark S&P 500 hovered around the flatline, while contracts on the Nasdaq 100 edged lower by 0.2 percent. Dow Jones Industrial Average futures bucked the trend, rising 160 points, or 0.4 percent.

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On Monday, the S&P 500 inched higher by less than 0.1 percent, extending its winning streak to five sessions. The Dow rose 0.3 percent, while the tech-heavy Nasdaq Composite dipped 0.1 percent.

The session saw sharp swings, with the Dow falling over 240 points at one point before recovering nearly 300 points by the close. Both the S&P 500 and Nasdaq were down more than 1 percent during intraday lows, only to rebound in afternoon trade.

Markets are bracing for a packed earnings calendar, with roughly one-third of S&P 500 companies slated to report this week. The spotlight is firmly on Big Tech: Meta Platforms and Microsoft will announce their results on Wednesday, followed by Apple and Amazon on Thursday.

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So far this season, around 36 percent of S&P 500 firms have reported quarterly numbers, with about 73 percent topping analyst expectations, according to FactSet. That’s slightly below the five-year average of 77 percent.

As for individual stock moves, General Motors fell more than 2 percent in premarket trade even after delivering a stronger-than-expected quarterly profit. The automaker’s decision to pause additional share buybacks and reevaluate its future outlook dampened sentiment, as it awaits further clarity on potential tariffs. Earlier in the day, shares had risen on reports suggesting President Donald Trump may consider easing restrictions on foreign components used in U.S. manufacturing.

GM joins a growing list of companies opting to withhold or reassess their full-year guidance amid growing global trade tensions. Last week, both American Airlines and Skechers withdrew their 2025 forecasts, citing persistent economic uncertainty.

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