U.S. stock futures remained muted on Wednesday morning as investors prepared for a wave of economic updates and earnings. The U.S. stock market outlook remains cautious with several major events on the calendar today.
Futures tied to the Dow inched up just 5 points, or 0.01%, in early trade. Meanwhile, S&P 500 futures slipped 8 points, or 0.14%. Nasdaq 100 futures dropped by 48 points, or 0.24%. These early moves suggest a quiet start to the session. However, volatility could rise as data and earnings pour in.
Later today, traders expect crucial first-quarter GDP figures. Many economists believe the U.S. economy may have slowed or even contracted. Additionally, the PCE price index closely watched by the Fed will be released. This report offers insight into inflation and interest rate expectations. Also due are ADP employment numbers, which may reveal early labor market trends. The U.S. stock market outlook hinges on these key releases.
Corporate earnings will also drive movement throughout the day. Before the opening bell, Caterpillar will share results. After the close, all eyes will turn to Meta Platforms and Microsoft. Both tech giants could signal future trends in artificial intelligence spending and digital growth.
However, not all tech news is optimistic. Super Micro Computer slashed its forecast for the third quarter. The company blamed delayed customer spending for the revision. Shares dropped 15.1% in premarket trading. Similarly, Snap withdrew its second-quarter outlook, pushing its stock down 13.3%.
Markets have struggled throughout April, largely due to unstable trade policy. On Tuesday, President Donald Trump signed new orders easing auto tariffs. Even so, investor confidence remains fragile. Wednesday also marks 100 days since his presidency began. During this period, the U.S. stock market outlook has shifted dramatically.
The S&P 500 is down more than 7% since January. It also sits over 9% below February’s record close. Although the Nasdaq may end April with gains, both the Dow and S&P appear headed for monthly losses.
In short, the U.S. stock market outlook depends heavily on today’s data and earnings. Traders will need to digest several signals before setting a clear direction.
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