Hakyung Kim writes about how U.S. stock futures were largely flat on Monday evening. This continued stability is a result of nervous investor sentiment while waiting for an upcoming key Federal Reserve policy meeting. E-mini contracts linked to the S&P 500 slid less than 0.1%, with Nasdaq 100 futures decreasing by 0.2%. Wall Street traders are watching every word of Fed Chair Jerome Powell’s address as he describes his economic vision moving forward, which may dictate market direction.
The first claims their adjusted earnings came in at $4.06 a share. This figure was beneath the $4.32 per share prediction issued by experts at LSEG. Revenue of $2.77 billion came in short of the analysts’ estimates for $2.85 billion. Even with these results, the company’s first quarter performance beat analysts’ expectations, giving investors a silver lining amid the disappointing numbers.
In the rest of the market, Vertex Pharmaceuticals made waves for a different reason, plunging 2% as the company reported lackluster quarterly results. Likewise, toymaker Mattel plunged its shares by 2.5% after the company suspended its guidance for the full-year 2025. Mattel’s adjusted earnings came in at 13 cents a share. This figure came in line with consensus estimates, showing a degree of stability in the company’s financial performance.
Additionally, international developments may influence market conditions. India has already offered zero tariffs on a wide range of goods, according to Bloomberg. This unexpected policy change will likely have serious ramifications on trade relations and investor confidence in the months ahead.
Traders and analysts said they were unsure what to make of the market’s immediate future. Scott Bessent mentioned that “we’re extremely close on several deals,” which sounds like a positive sign for more forthcoming negotiations. Megan Horneman cautioned against overreacting to short-term volatility, stating, “We do not see this as a long-drawn-out disruption.”
For an up-to-date list of all stock movements, and more information on the day’s market overall, investors should check CNBC.