S&P500 futures slightly higher after fifth straight winning day: Live updates

david.cWorld News6 hours ago6 Views

Traders were on the floor of the New York Stock Exchange (NYSE) in New York City on April 24, 2025. S&P 500 futures moved lower on Tuesday morning due to uncertainty surrounding President Donald Trump’s tariffs. General Motors reported better-than-expected profit but suspended future guidance and share buybacks due to uncertainty related to the tariffs. Automaker shares had risen on reports that Trump might make concessions on foreign-made parts used in domestic production. The stock market indexes fluctuated between gains and losses in a choppy session, with the Dow tumbling and rallying throughout the day. Automaker shares rose after reports that Trump may alleviate some tariffs on foreign parts used in domestic car production. Investors are preparing for a busy earnings week, with many S&P 500-listed firms set to post results. Economic data on home prices, consumer confidence, and job openings are also being monitored by traders.

General Motors beat profit expectations in the first quarter but withdrew guidance due to uncertainties from Trump’s tariffs. The automaker is reassessing its full-year profit guidance and suspending stock buybacks due to increased costs related to the duties. The company reported adjusted earnings per share of $2.78 against estimates, with revenue exceeding forecasts. Shares fell 2% following the announcement.

As April comes to a close, the Dow and S&P 500 are expected to finish the month in negative territory. The Dow and S&P 500 have declined, while the Nasdaq Composite is up. Some stocks that made significant moves after hours include Leggett & Platt, Woodward, and F5.

Stock futures traded slightly lower after 6 p.m. ET, with S&P 500 and Nasdaq 100 futures down 0.2% and 0.3%, respectively, and Dow futures down by about 0.1%.

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