U.S. stock futures decline: Dow futures, Nasdaq 100 futures, and S&P 500 futures impacted by corporate earnings and China-U.S. trade tensions

Taiwan • Business • 04/28 07:04
U.S. stock futures decline: Dow futures, Nasdaq 100 futures, and S&P 500 futures impacted by corporate earnings and China-U.S. trade tensions

On April 28, 2025, U.S. stock index futures fell during the Asian trading session. At 1:31 PM Taipei local time, Dow Jones Industrial Average futures dropped 187 points, S&P 500 futures fell 31.5 points, and Nasdaq 100 futures decreased 126 points. Market sentiment was influenced by corporate earnings reports, rising e-commerce prices, and U.S.-China trade tensions, with particular focus on the performance of tech giants. The new U.S. tariff policy caused price increases for products from SHEIN and Amazon, further undermining consumer confidence.

Key Updates

04/29 11:04

The Dow Jones Industrial Average surpassed 40,446 points, as the three major U.S. stock market indices rose simultaneously, fueled by strong corporate earnings and positive economic data.

On April 29, 2025, the three major U.S. stock market indices closed higher, with the Dow Jones Industrial Average closing at 40,446 points, the S&P 500 at 5,564.75 points, and the Nasdaq 100 at 19,577 points. The rally was driven by the market's focus on corporate earnings reports and economic data, despite mixed performance among tech stocks. The S&P 500 rose for the fifth consecutive day, marking its longest streak since November 2024. With earnings season at its peak, 180 S&P component companies are set to release their results, and the market remains cautious about the future outlook.

04/29 06:01

Trump's policy adjustment alleviates market pressure: European stock funds attract capital, U.S. tech earnings become the focus

President Trump's recent shift in stance on trade and monetary policy has eased global market tensions, resulting in significant changes in capital flows. European equity funds experienced a net inflow of $3.355 billion over the course of a week, indicating an increasing investor preference for regional diversification. U.S. tech giants are entering a busy earnings season, becoming the market focus. Even though many earnings reports exceeded expectations, market reactions have remained cautious due to persistent policy uncertainties. Investors are adjusting their asset allocation strategies to focus on industries with strong fundamentals.

04/29 03:06

U.S. stocks closing higher boosts investor confidence, Taiwan stocks fluctuate but maintain the 20,000-point level, and investors are focusing on earnings reports and economic data.

Following the major U.S. stock indices closing in the green, the Taiwan stock market turned positive after a slight dip in early trading on April 29th, with the index hovering around the 20,000-point mark. TSMC's stock price slightly declined, failing to continue the previous day's upward trend. Global market sentiment improved due to progress in tariff negotiations between the U.S. and several other countries, as investors focus on upcoming corporate earnings reports and U.S. economic data. Although market uncertainty persists, the overall atmosphere has stabilized compared to earlier periods.

04/28 10:00

After a 2,800-point rebound, US stocks face pressure from the seasonal moving average: AI demand, tariff policies, and US debt maturity are drawing market attention.

Recently, the US stock market rebounded by about 2,800 points, but it is approaching the resistance of the quarterly moving average, and market sentiment is cautious. Strong AI demand indicates that chip demand is outpacing supply, but tariff policy pressures are impacting the earnings reports of tech giants. The upcoming maturity of $6.5 trillion in US national debt has sparked debates on liquidity and debt sustainability. The trade and domestic policies from the Trump era are affecting investment confidence, boosting the performance of defense, aerospace, and cybersecurity stocks.

04/28 07:04

JPMorgan forecasts a 5% increase in the US stock market by 2025, boosted by strong corporate performance, stock buyback plans, and loose monetary policies, while Trump's pressure on the Fed causes market volatility.

JPMorgan forecasts a 5% rise in the US stock market by 2025 due to robust corporate capital spending, share repurchase programs, and the Federal Reserve's continuation of accommodative policies. Following Trump's return to the White House, he exerted pressure on the Federal Reserve to lower interest rates, which led to market volatility, underscoring the effects of policy uncertainty. A JPMorgan survey indicates that the risk of stagflation in the US economy surpasses that of a recession, and there are differing opinions on the future economic landscape.

04/28 07:04

U.S. stock futures decline: Dow futures, Nasdaq 100 futures, and S&P 500 futures impacted by corporate earnings and China-U.S. trade tensions

On April 28, 2025, U.S. stock index futures fell during the Asian trading session. At 1:31 PM Taipei local time, Dow Jones Industrial Average futures dropped 187 points, S&P 500 futures fell 31.5 points, and Nasdaq 100 futures decreased 126 points. Market sentiment was influenced by corporate earnings reports, rising e-commerce prices, and U.S.-China trade tensions, with particular focus on the performance of tech giants. The new U.S. tariff policy caused price increases for products from SHEIN and Amazon, further undermining consumer confidence.

04/28 02:00

Taiwan's stock market opened 99 points higher, nearing the 20,000-point threshold, driven by gains in U.S. tech stocks and the easing of US-China trade tensions.

On April 28, 2025, the Taipei stock market opened with an increase of 99.34 points to reach 19,972.07 points, with a trading value of NT$43.51 billion. U.S. stocks closed in the green for the fourth consecutive day last Friday, with tech stocks such as Tesla and Nvidia leading the gains. Additionally, U.S. President Trump's softened stance on the trade war with China has improved market sentiment, giving the Taiwan stock market a short-term opportunity to challenge the 20,000-point mark. This article provides an analysis of the recent performance of the Taiwan and U.S. stock markets and the impact of international developments on the market.

04/27 23:59

US stocks rebound strongly: S&P 500 and Nasdaq Index surge; Zweig Indicator triggers buy signal; there is still uncertainty about President Trump's tariff policy.

In the last week of April 2025, the U.S. stock market experienced a strong recovery, with the S&P 500 index increasing by 4.60% and the Nasdaq index jumping by 6.41%, driven by gains in technology stocks. The Zweig Breadth Thrust indicator signaled an improvement in market breadth. However, uncertainty about President Trump's tariff policies persists, which could impact the future market outlook.

04/27 23:01

The easing of US-China trade tensions has boosted global stock markets, with AI stocks driving the Philadelphia Semiconductor Index to a record high.

Tensions in US-China trade relations have eased, leading to a rebound in global stock markets. On April 25, the four major US stock indices rose, with technology stocks leading the gains. The Philadelphia Semiconductor Index hit a new high, and AI stocks, such as Nvidia, performed impressively. European stock markets rose simultaneously, with the pan-European STOXX 600 Index reaching its highest level in three weeks and the UK's FTSE 100 Index achieving its longest winning streak since 2019. The market is optimistic about the improvement in US-China trade relations, and strong demand in the AI industry is also boosting semiconductor stocks.

04/26 14:00

U.S. stocks might be heading for a bull market: Zweig Breadth Thrust indicator is nearing a trigger point, suggesting a potential rise over the next 6 to 12 months.

As of April 24, 2025, the Zweig Breadth Thrust Indicator (ZBTI) of the U.S. stock market has risen to 61.34%, nearing the trigger level. Since 1945, this indicator has only reached this level 18 times, and each time it reached this level, the U.S. stock market experienced significant gains over the next 6 to 12 months. The ZBTI was created by Martin Zweig to gauge rapid shifts in market sentiment, and when it rises from below 40% to over 61.5% within 10 trading days, it indicates the onset of a bull market.

Overview of Early Trading in U.S. Stock Futures

Around 8 a.m. Taiwan time on April 28, futures for the three major U.S. stock indices showed a noticeable decline. According to the Economic Daily, Dow Jones Industrial Average futures fell by 122 points, a drop of about 0.3%; S&P 500 futures fell by 0.33%; and Nasdaq 100 futures fell by 0.38%. This wave of decline mainly reflects the market's cautious attitude towards the earnings reports of over 180 S&P 500 component companies to be released this week, especially the performance of tech giants like Amazon, Apple, Meta, and Microsoft, which are being closely watched.

Additionally, the Chinese fast-fashion e-commerce company SHEIN has significantly raised prices for its products in the U.S. market in response to new U.S. tariff policies, further shaking investor confidence in the consumer market. According to AASTOCKS, some SHEIN products have seen price increases of up to 377%, and nearly a thousand products on the Amazon platform have seen an average price increase of 29%. This has sparked market concerns about a potential contraction in U.S. consumer demand and increasing inflationary pressures, further suppressing the performance of the futures market.

Update at 10:34 Taipei Time: Decline Deepens

As the trading session progressed, the decline in U.S. stock futures deepened. According to MoneyDJ News at 10:34 Taipei time, Dow Jones Industrial Average futures fell by 139 points, a drop of 0.35%, to 40,115 points; S&P 500 futures fell by 23.25 points, a drop of 0.42%, to 5,526.5 points; and Nasdaq 100 futures fell by 91.75 points, a drop of 0.47%, to 19,443.5 points.

This stage of the decline, in addition to continuing the negative sentiment from the early session, also reflects the market's high attention to the upcoming release of the U.S. Personal Consumption Expenditures (PCE) Price Index. The PCE index is the Federal Reserve's preferred inflation indicator and will further influence market expectations for interest rate policy.

Latest Data at 13:31 Taipei Time: Decline Deepens

As of 13:31 Taipei time, the decline in U.S. stock futures further deepened. According to the latest report from MoneyDJ News, Dow Jones Industrial Average futures fell by 187 points, a drop of 0.46%, to 40,067 points; S&P 500 futures fell by 31.5 points, a drop of 0.57%, to 5,518.25 points; and Nasdaq 100 futures fell by 126 points, a drop of 0.64%, to 19,409.25 points.

This wave of decline indicates the market's high uncertainty regarding this week's corporate earnings results, with the performance of tech stocks being crucial. According to Yahoo Finance, 180 S&P 500 component companies, including tech giants like Apple, Amazon, Meta, and Microsoft, will release earnings reports this week. Additionally, the market is closely watching the upcoming U.S. April employment report to assess the resilience of the labor market.

Background Factors: Trade Tensions and Consumer Concerns

In addition to the uncertainty of corporate earnings, the tense U.S.-China trade tensions are also a significant factor suppressing market sentiment. According to Wikipedia, U.S. President Trump signed an executive order on April 2, canceling the duty-free treatment for small parcels imported from China and Hong Kong, leading to a series of price increases. This policy change not only affects Chinese e-commerce platforms like SHEIN but also impacts U.S. domestic e-commerce like Amazon, further exacerbating market concerns about slowing consumer spending.

According to Bloomberg and The Wall Street Journal, U.S. stocks had already experienced a significant decline in early April due to tariff policies, with the S&P 500 index dropping 5.97% in a single day on April 4, the Nasdaq Composite index dropping 5.82%, and the Dow Jones Industrial Average dropping 5.5%. This shows the market's high sensitivity to changes in trade policy.

References

People Also Ask...

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U.S. stock futures have declined. What other factors, besides corporate earnings and tariff policy, are influencing market sentiment?

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Is the big drop in U.S. stock futures due to tech giants' earnings or U.S.-China trade tensions?

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U.S. stock futures have dropped significantly; could the tech giants' earnings reports worsen the market?