Traders work on the floor of the New York Stock Exchange during morning trading on April 22, 2025 in New York City.
Michael M. Santiago |Getty Images
Stock futures were flat on Monday morning ahead of a packed earnings week.
Futures tied to the Dow Jones Industrial Average added 19 points. S&P 500 futures were flat, while Nasdaq 100 futures lost less than 0.1%.
Investors are looking ahead to the busiest period of the first-quarter earnings season, which will see more than 180 S&P 500 companies report results. Four of the 'Magnificent Seven' companies— Amazon, Apple, Meta Platforms and Microsoft — will release their quarterly reports. Heavyweights such as Visa, Coca-Cola, and Eli Lilly.
Earnings results have been somewhat strong for the prior quarter, with 73% of companies reporting beating analysts' estimates so far — slightly below the 5-year average of 77%, according to FactSet data. Still, Wall Street is lowering expectations for the second quarter and the full year as companies come out with uncertain guidance because of President Donald Trump's tariffs.
This week will also mark the end of April, which has seen stocks whipsaw across a wide trading range after Trump unveiled his sweeping tariff plans and then later walked some of the stiffer duties back.
So far in April, the S&P 500 is down by 1.5%, while the Dow Jones Industrial Average is on track to lose 4.5% and the Nasdaq Composite is up 0.5%. The S&P 500 briefly entered a bear market on April 7 and has made a recovery since, but the index has failed to break through key resistance levels.
"While it may be too early to make the technical case for a bottom in beta underperformance, the recent rebound off key support implies investors should remain on high alert for a potential shift back toward risk-on leadership," Adam Turnquist, chief technical strategist for LPL Financial, said.
Asia-Pacific markets mixed as investors assess China's promises to support industries
Asia-Pacific markets traded mixed Monday as investors assessed China's promises to support domestic businesses as well as developments in trade negotiations between the U.S. and countries in the region.
Mainland China's CSI 300 index fell 0.14% to end the day at 3,781.61, while Hong Kong's Hang Seng Index closed flat at 21,973.24.
India's benchmark Nifty 50 rose 1.23% while the broader BSE Sensex gained 1.31% as at 1.38 p.m. Indian Standard Time.
Over in Japan, the benchmark Nikkei 225 added 0.38% to end the day at 35,839.99 while the broader Topix index advanced 0.86% to 2,650.61.
In South Korea, the Kospi index edged up 0.1% to close at 2,548.86 while the small-cap Kosdaq fell 1.41% to 719.41.
Australia's S&P/ASX 200 ended the day 0.36% higher at 7,997.10.
— Amala Balakrishner
S&P 500, Dow Jones Industrial Average end the month lower
The S&P 500 has traded higher after bottoming earlier this month, but is on track to end April in the red alongside the Dow Jones Industrial Average.
The broad-market index is down 1.54% this month, while the 30-stock Dow has lost 4.5%. The Nasdaq Composite is up 0.48%.
— Pia Singh
English (US) ·