Associated Press Business Writer Stanchion
NEW YORK (AP) — US stocks are drifting Monday ahead of a potential flashpoint looming later in the week that could lead to a sharper swing for financial markets.
The S&P 500 spent a winning week on whip saw rides rattling investors for weeks as it hadn’t changed virtually in the morning trading. The Dow Jones industrial average rose 145 points (0.4%) as of 10:15am Eastern time, with Nasdaq composites 0.1% lower.
The relatively mild deal offers a rest following the historic fluctuations that President Donald Trump has made as hopes of returning to his tariffs. The S&P 500 nearly halved the decline, which accounted for nearly 20% more than the record set earlier this year.
This week, we’ll be featuring revenue reports from Wall Street’s most influential companies, including Amazon, Apple, Meta Platforms, and Microsoft. Their performance is bulging to be far greater in the scale, which creates a major upset in the market.
Outside of Big Tech, executives at Caterpillar, Exxon Mobil and McDonald’s may also provide clues as to how the economic situation is viewed. Several companies across the industry have recently reduced estimates of future profits or pulled out forecasts entirely due to uncertainty about what will happen with Trump’s tariffs.
“We’ve heard plans to ease more plans for US companies from US companies from US companies,” according to Bank of America strategist Savita Subramanian. However, she also said in the report that she was seeing “some signs of suspension: no employment/dismissal, no new projects/cancellation, etc.”
The fear is that Trump’s target tariffs could be pushing homes and businesses to change spending and freeze plans for long-term investments, due to how quickly conditions change.
Domino’s pizza was turning the gap between small losses and profits after reporting profits in the most recent quarter than analysts expected. Pizza chain CEO Russell Weiner called the global economic environment “challenging” and recently rose 0.7%
Doordash added 1.2% after Deliraloo, a London-based food delivery service. This said he heard about a cash offer that could take over the company from Doordash.
So far, economic reports have seemed almost to show that the US economy is still growing despite its slow pace. On Wednesday, economists hope that a report will show that in the first three months of this year, US economic growth has fallen from the 2.4% rate at the end of last year.
However, most reports Wall Street has received so far focused on data from before Trump’s “liberation day” on April 2, and announced tariffs that could affect imports from countries around the world. This could raise interests in future reports on the US job market, including Friday. This shows the number of workers employed by the employer during April.
Economists expect jobs to be slower from 228,000 in March to 125,000.
The most sniffing economic data these days comes from research showing that consumers are becoming more pessimistic about the future of the economy due to tariffs. The latest reading from the Consumer Trust Committee will arrive on Tuesday.
In the bond market, the Treasury yields are relatively stable. They have settled since an unusual rise in yield anxiety earlier this month. That rise suggested that investors around the world may have lost faith in the reputation of the US bond market as a safe place to park their cash.
Treasury yields fell to 4.25% from 4.29% in the second half of Friday.
In overseas stock markets, indexes were mixed across Europe and Asia. Paris’ CAC 40 rose 0.8%, while Shanghai’s stocks slipped 0.2%.
AP writers Jiang Junzhe and Matt Ott contributed.
Original issue: April 28, 2025, 7:46am EDT
