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Home » Dow, S&P 500, Nasdaq futures slide with Big Tech earnings on deck
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Dow, S&P 500, Nasdaq futures slide with Big Tech earnings on deck

MNK NewsBy MNK NewsApril 30, 2025Updated:April 30, 2025No Comments3 Mins Read
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US stock futures pulled back on Wednesday as Wall Street braced for a busy day of Big Tech earnings and digested President Trump’s latest move on tariffs.

Dow Jones Industrial Average futures (YM=F) slipped 0.2%, while S&P 500 futures (ES=F) dropped 0.4%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) slid 0.5%.

CME – Delayed Quote • USD

As of 5:24:30 AM EDT. Market Open.

ES=F NQ=F YM=F

Stocks gained ground on Tuesday as investors found new reason to believe that Trump’s upbeat stance on tariff negotiations will result in the new duties ultimately being dialed down.

Read more: The latest on Trump’s tariffs

Trump signed an Executive Order paring back key parts of tariffs affecting automakers, and Commerce Secretary Howard Lutnick said that a trade deal with an unnamed country was “done, done, done, done.”

Meanwhile, speculation continues to circulate over whether China and the US are, in fact, in talks over trade and which country might make a first major move.

On Tuesday evening, Trump said he believed China would “eat” the US’s eye-popping tariffs and limit the impact on US consumers, adding that the country “deserved” its 145% rate.

On Wednesday, Wall Street’s attention will turn to earnings from two major tech giants. Microsoft (MSFT) is set to report its earnings after-the-bell, with pressure mounting on the company to deliver profits on AI. Meta (META) will also share its results following market close with investors focused on how tariffs could impact the business.

New economic data is due Wednesday too. The release of US gross domestic product (GDP) for the first quarter will shed light on where the economy stood prior to Trump’s historic tariff hike. A new reading of the Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, will similarly provide a snapshot as to where prices stood before the current trade war broke out.

LIVE 2 updates

  • Crude oil set for steepest monthly drop in April amid trade war and easing OPEC+ cuts

    Oil prices are on track to post their worst monthly performance for April, as mounting concerns over a slowing global economy—fueled by the ongoing U.S.-led trade tensions—dampen outlook for energy demand.

    Bloomberg reports:

    Read more here.

  • Trending tickers in after-hours trading

    Starbucks (SBUX)

    The stock in the coffee shop franchise dropped as much as 6.7% in extended trading as the Q2 earnings report disappointed Wall Street and lost investor faith in the new CEO. The company has also faltered in its Chinese expansion, with customer visits up but per-customer spending declining.

    Super Micro Computer (SMCI)

    Shares in server giant Super Micro Computer plummeted 15% in after-hours trading. The drop occurred after the company released disappointing preliminary third quarter results, citing delayed customer platform decisions moving sales into the fourth quarter.

    Seagate (STX)

    Seagate Technology stock jumped over 8.9% after the data storage provider released positive guidance for Q4, pointing towards revenue of $2.40 billion and adjusted earnings of $2.40 per share.



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