U.S. stock index futures fell across the board: Dow Jones futures fell 105 points, pressure from tech stocks drags Nasdaq futures down.

Taiwan • Business • 04/30 07:05
U.S. stock index futures fell across the board: Dow Jones futures fell 105 points, pressure from tech stocks drags Nasdaq futures down.

On April 30, 2025, at 1:31 PM Taipei time, futures for the three major U.S. stock indices fell. Dow Jones Industrial Average futures fell 105 points to 40,553, down 0.26%; S&P 500 futures dropped 27.25 points to 5,556.5, down 0.49%; Nasdaq 100 futures fell 128 points to 19,514, down 0.65%. Investors are waiting for earnings reports from major U.S. tech companies and economic data, resulting in cautious market sentiment and subdued futures performance.

Key Updates

05/01 06:00

Analyst Jay Goldberg: Advanced Micro Devices and Broadcom could become the new favorites in AI chip investments, while Nvidia is facing pressure on market share and valuation.

Seaport Research Partners analyst Jay Goldberg has rated NVIDIA as a "sell" with a target price of $100 amidst a booming AI chip market, noting that its valuation already aligns with market expectations and faces pressure from customers creating their own chips. On the other hand, he is optimistic about AMD and Broadcom, giving them "buy" ratings with target prices of $100 and $230, respectively, due to their strategic moves and strong execution in the AI and data center markets, potentially making them more attractive investments.

04/30 22:31

Microsoft's Third Quarter 2025 Financial Report Surpasses Expectations: Cloud Services Drive Revenue to Record Highs, Stock Price Jumps Over 6% in After-Hours Trading

On April 30, 2025, Microsoft announced its financial results for the third quarter of the fiscal year 2025, reporting revenue of $70.07 billion, an increase of 13% year-over-year, and a net profit of $25.8 billion, which is an 18% increase year-over-year, both figures exceeded expectations. The cloud and AI sectors experienced strong growth, with Azure's revenue growing by 33% year-over-year. Consequently, Microsoft's stock price increased by over 6% in after-hours trading.

04/30 18:00

Eurozone's GDP increased by 0.4% in the first quarter, exceeding expectations, leading to a rise in European stocks; U.S. economy shrinks unexpectedly by 0.3%.

In the first quarter of 2025, the Eurozone's GDP increased by 0.4% from the previous quarter, exceeding expectations and boosting European stock markets. The U.S. GDP contracted by an annualized 0.3%, marking the first decline in three years, due to an increase in imports and a decrease in government spending. The Eurozone economy continued to grow with support from multiple countries, while the U.S. economy was under pressure due to a widening trade deficit and sluggish job growth.

04/30 15:30

The U.S. GDP shrinkage in the first quarter has led to stock market volatility, and 360,000 Taiwanese mothers are facing the risk of depression.

In the first quarter of 2025, the US GDP declined at an annualized rate of 0.3%, missing the expected 0.4% growth, causing a drop in the three major US stock indices. The Dow Jones dropped 237 points, the S&P 500 fell 61 points, and the Nasdaq plunged 361 points. A survey in Taiwan indicates that about 360,000 mothers exhibit signs of depression, highlighting the pressures from family and society. This article examines US economic data and market reactions, connecting them to the current situation of maternal stress in Taiwan, offering a comprehensive view of the intersection between global economics and mental health.

04/30 13:03

The 'Big Seven' U.S. Tech Giants Stock Rebound Falters: Profit Growth Slows for Companies Such as Microsoft

At the beginning of 2025, the "Seven Giants," a group of American tech giants, saw a rebound, but the latest financial reports show slower profit growth, rising valuation pressure, and a blow to market confidence. Microsoft's earnings report exceeded expectations, but its stock price fell due to a decline in free cash flow margin and uncertainty about AI investment returns. The "Seven Giants" overall profit growth rate fell from 52% in 2024 to 21.4% in 2025. Investors' risk appetites have shifted, with funds moving into gold and other sectors, and analysts are split on their ratings of the "Seven Giants."

04/30 07:05

U.S. stock index futures fell across the board: Dow Jones futures fell 105 points, pressure from tech stocks drags Nasdaq futures down.

On April 30, 2025, at 1:31 PM Taipei time, futures for the three major U.S. stock indices fell. Dow Jones Industrial Average futures fell 105 points to 40,553, down 0.26%; S&P 500 futures dropped 27.25 points to 5,556.5, down 0.49%; Nasdaq 100 futures fell 128 points to 19,514, down 0.65%. Investors are waiting for earnings reports from major U.S. tech companies and economic data, resulting in cautious market sentiment and subdued futures performance.

04/30 01:30

Early Days of President Trump's Second Term: Fast Money Traders Betting on Pharmaceuticals and Semiconductors, Avoiding Consumer Credit and Trade with China

In the first 100 days of President Trump's second term, the U.S. financial markets saw significant volatility. Corporate investments hit new highs, but the stock market performed poorly. Facing the tariff war and policy uncertainty, traders, such as hedge funds, adjusted their strategies, placing bets on big pharmaceutical companies, semiconductors, and international markets, while steering clear of consumer credit, transportation, and industries tied to trade with China. According to CNBC's "Fast Money," traders shifted to gold and overseas assets because of the dollar's depreciation and market uncertainty. Even though some companies invested in the U.S., the S&P 500 and Nasdaq still declined, showing doubts about the policy outlook.

04/30 01:01

The United States and India reached a trade agreement for the first time, leading the Dow Jones Index to jump 300 points, and both TSMC's ADR and Tesla's stock prices increased.

On April 29, 2025, U.S. Secretary of Commerce, Lutnick, announced that the Trump administration had completed its first trade agreement, pending approval from the counterpart government, with India possibly being the partner. This news drove U.S. stocks higher, with the Dow Jones index rising by 300 points and the stock prices of TSMC ADR and Tesla also increasing. U.S.-China trade tensions intensified, with both sides imposing significant tariffs on each other. The U.S. imposed tariffs of up to 245% on Chinese goods, while China responded with retaliatory tariffs of 125% on U.S. goods.

04/29 23:01

The Dow Jones rose 300 points, achieving six consecutive days of gains, as the White House announced a trade agreement. In Trump's first 100 days, the stock market performance was the worst in half a century.

On April 29, 2025, the three major U.S. stock indices rose, with the Dow Jones climbing 300.03 points to 40,527.62, achieving a six-day winning streak. The S&P 500 Index and Nasdaq indices also rose for the sixth consecutive day. The White House announced a trade agreement with an undisclosed country and signed an executive order to lower automobile tariffs, boosting the stock market. Nevertheless, the stock market performance in the first 100 days of Trump's second term was the worst in fifty years, with significant declines in technology and small-cap indices, indicating internal market divisions.

04/29 22:32

US Ends Tax-Free Status for Chinese E-commerce: How Are Temu Orders Still Untaxed?

In April 2025, American consumers shopping on the Temu platform noticed that some orders were not subject to import fees, despite the Trump administration revoking the "de minimis" tax exemption for China and Hong Kong on May 2. This move drew attention as tariffs as high as 145% and import fees up to $200 per package are about to be implemented. The article explores the legal background of the U.S. "de minimis" system and how Chinese e-commerce platforms such as Temu and Shein have leveraged this system for cross-border sales, and analyzes the impact of these policy changes on their business models.

U.S. Stock Futures Weaken in the Afternoon, All Major Indices Decline

According to a report by MoneyDJ published on April 30, 2025, at 1:43 PM, as of 1:31 PM Taipei time, U.S. stock index futures were all declining. Dow Jones Industrial Average futures were at 40,553 points, down 105 points from the previous trading day, down 0.26%; S&P 500 futures were at 5,556.5 points, down 27.25 points, down 0.49%; Nasdaq 100 futures, which are tech-heavy, were at 19,514 points, down 128 points, down 0.65%.

This downturn continued the day's earlier weak trend. According to the 10:34 AM quote on the same day, Dow futures were at 40,571 points, down 87 points; S&P 500 futures were at 5,557 points, down 26.75 points; Nasdaq 100 futures were at 19,517 points, down 125 points. This indicates that within just three hours, the decline in the three major index futures widened, reflecting increasing market pressure.

Investors Await Tech Earnings and Economic Data

This week, the market is focused on the upcoming earnings reports of major U.S. tech companies and important economic data, including Personal Consumption Expenditures (PCE) and the non-farm payroll report. According to a report by TipRanks at 2:30 AM Eastern Time on April 30, U.S. stock futures were already showing a downward trend, with Dow futures down 0.09%, S&P 500 futures down 0.29%, and Nasdaq 100 futures down 0.4%. This suggests that the market has been on high alert for the upcoming data.

Additionally, according to Yahoo Finance, the market is also digesting the latest tariff policy developments by President Trump. The Trump administration plans to offer partial tariff exemptions to car manufacturers producing in the U.S. and to engage in a new round of negotiations with multiple trade partners. While these policy changes may benefit certain industries, they overall increase market uncertainty.

Tech Stock Pressure Drags Down Nasdaq Futures Performance

Nasdaq 100 futures experienced the largest decline among the three major indices, at 0.65%. This is closely tied to the recent performance of tech stocks. Although tech stocks generally closed higher in the previous trading day (Tuesday), with Tesla up 2.15% and Apple up 0.51%, the market remains cautious about the upcoming earnings reports.

According to Yahoo Finance, after the market closed on Tuesday, semiconductor component maker Qorvo (QRVO) announced better-than-expected earnings, boosting its after-hours stock price by 8.2%. However, solar module manufacturer First Solar (FSLR) saw its after-hours stock price plummet by 9.8% due to a downward revision of its full-year sales forecast. This divergence in earnings performance further heightens market concerns about the future trend of tech stocks.

Increased Volatility in Futures Trading, Market Sentiment Cautious

According to the latest quotes provided by Yuanta Securities, as of 3:40 PM Taipei time, Dow near-month futures were at 40,652 points, down 6 points from the previous trading day; S&P 500 near-month futures were at 5,572 points, down 11.75 points; Nasdaq 100 near-month futures were at 19,575.5 points, down 66.5 points. Although the decline has slightly narrowed since the 1:31 PM quote, it remains in negative territory, indicating that the market has not yet shaken off the pressure.

Furthermore, looking at the intraday highs and lows, Dow futures reached a high of 40,710 points and a low of 40,518 points, with a fluctuation range of nearly 200 points; Nasdaq 100 futures reached a high of 19,599.7 points and a low of 19,485.2 points, with a fluctuation range also exceeding 100 points. This reflects the market's heightened sensitivity and uncertainty ahead of major earnings and economic data releases.

References

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