US markets open Tuesday's session lower as sentiment among Big Tech stocks worsens following recent comments from the White House spokesperson on Amazon. Investors are reacting to a number of quarterly earnings releases today, which you can read more about in our previous posts. Five minutes after Wall Street opened, the Nasdaq is down 0.61%, while the S&P500 is down 0.44%.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appCurrent volatility observed on Wall Street. Source: xStation
US100
The Nasdaq-100 index, represented by the US100 contract, is trading 0.4% lower today than yesterday's close. The index continues to maintain a dynamic downtrend, but today's session brings another retest of the 50-day EMA (blue line), which indicates a downtrend in the short term. A breakout of that zone could be key to a further rebound in the US100 after recent sharp declines.
Source: xStation 5
News
Amazon (AMZN.US) shares are down more than 2% after White House insider Leavitt said that listing tariff costs constitutes a hostile act against the state.
General Motors (GM.US) shares are down 3.4% in premarket trading after the automaker withdrew its 2025 earnings guidance and halted a $4 billion share buyback program until there is more clarity on the impact of the tariff changes.
Q1 RESULTS
- Adjusted earnings per share $2.78 vs. $2.62 YoY, estimated $2.72 (Bloomberg consensus)
- Net sales and revenue $44.02 billion, +2.3% YoY, estimated $43.03 billion
- Automotive net sales and revenue $39.86 billion, +1.7% YoY, estimated $39.34 billion
- Automotive net sales and revenue $4.16 billion, +9.3% YoY, estimated $3.97 billion
- Adjusted operating profit $3.49 billion, -9.8% YoY, estimated $3.45 billion
Honeywell International Inc. (HON.US) shares are up 4.7% after the company raised its full-year earnings per share guidance.
PayPal (PYPL.US) shares are down 4.1% in premarket trading after the company reported fewer payment transactions in the first quarter than analysts expected.
UPS (UPS.US) shares rose 2% after the company reported first-quarter adjusted earnings per share that exceeded analysts’ expectations.
