Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 24, 2025.
Brendan McDermid | Reuters
S&P 500 futures were little changed on Tuesday after the broad market index posted its fifth straight day of gains on Monday.
Futures linked to the broad market index hovered around the flatline, while Nasdaq 100 futures fell 0.2%. Dow Jones Industrial Average futures ticked up 171 points, or 0.4%.
General Motors declined more than 1% in the premarket after the automaker reported better-than-expected profit but said it was reassessing future guidance and suspending more share buybacks as it awaits clarity on the impact from the levies. Shares had risen earlier on reports that Trump was willing to make concessions on foreign-made parts used in domestic production.
GM’s decision follows a number of other companies that have announced they’re reconsidering their full-year forecasts in the wake of rising global trade tensions. Last week, American Airlines and Skechers withdrew their 2025 outlooks, with both companies citing economic uncertainty.
The S&P 500 eked out a gain of less than 0.1% during Monday’s trading session, allowing the index to keep its winning streak alive. The Dow added about 0.3%, while the Nasdaq Composite ticked 0.1% lower.
The three major indexes swung between gains and losses in the choppy session. The Dow tumbled more than 240 points at its low and rallied around 300 points at the day’s high. The S&P 500 and Nasdaq both traded more than 1% in the red at session lows before taking a leg up in afternoon trading.
“Any pullbacks have turned to be buyable,” said Larry Tentarelli, founder of the Blue Chip Daily Trend Report, of the recent market action. “I think the bulls are back in control.”
Investors are gearing up for a busy earnings week, with about one-third of S&P 500-listed firms slated to post results between Monday and Friday. Big Tech is of particular focus, with Meta Platforms and Microsoft expected on Wednesday and Apple and Amazon scheduled for Thursday.
Of the more than 36% of S&P 500 companies that have reported so far this season, about 73% have exceeded Wall Street expectations, according to FactSet. That’s modestly below the 5-year average of 77%, per FactSet.
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