US Stock Market Futures Today: Wall Street futures are struggling for direction today as investors brace for a data and earnings-heavy week. After falling more than 200 points early Monday, Dow Jones futures have trimmed losses to just 40 points. S&P 500 and Nasdaq futures are largely flat, reflecting investor caution ahead of major earnings and economic data.
Why are US futures swinging so much today?
Wall Street is nervously awaiting earnings from major tech giants like Microsoft, Meta, Apple, and Amazon, all expected to report later this week. On the economic side, the market is preparing for key readings including the PCE inflation report, non-farm payrolls, and first-quarter GDP data set to release Wednesday.
Indices and Market Moves
Dow Jones futures:
Fell over 200 points early Monday
Later trimmed losses to just 40 points
S&P 500 futures:
Largely flat
Nasdaq futures:
Flat and cautious ahead of tech earnings
Stoxx Europe 600 Index:
+0.5% increase
Germany’s DAX index:
+0.7% recovery
Key Earnings and Economic Data
Major tech earnings expected this week:
Microsoft, Meta, Apple, Amazon
Economic data coming:
PCE Inflation Report
Non-farm payrolls
First-quarter GDP data (releasing Wednesday)
Other Global Events
Spain blackout:
Impacted Madrid, Barcelona, Lisbon (Portugal)
Disrupted public transport, traffic lights, phone services
Canary and Balearic Islands were unaffected
European energy market:
Power prices plunged below zero due to surge in solar energy output
US Economy under Trump (Second Term)
S&P 500 performance:
Down 8% since Trump’s 2025 inauguration
Historical note:
Worst stock market start since Gerald Ford in 1974
Polls:
Trump’s approval ratings falling, per NBC and ABC News polls
Other Stocks Moving
Deliveroo:
+18% surge after takeover offer from DoorDash
Toyota Industries:
+23% jump amid possible buyout by Toyota Motor Corp
Emerging Markets:
MSCI Emerging Markets Index nearing a 3-week high
The volatility comes against a tense backdrop as China continues to deny any active conversations with the US regarding tariff disputes. Meanwhile, investors are increasingly hopeful that fresh economic data may push the Federal Reserve toward earlier interest rate cuts.
What’s happening in Europe and Asia?
European markets are showing more resilience. The Stoxx Europe 600 Index climbed 0.5%, lifted by merger and acquisition activity, particularly Mediobanca’s €6.3 billion ($7.1 billion) offer for Italian insurer Assicurazioni Generali’s wealth unit. Germany’s DAX index also advanced 0.7%, fully recovering its losses from earlier this month after President Trump's new tariff measures.
In Asia, markets closed mixed. Japanese brokerages like Daiwa Securities and SMBC Nikko reported sharp profit drops, highlighting the challenges amid volatile bond and equity trading conditions.
How did the Spain power outage impact markets?
Adding to global jitters, Spain and parts of Portugal experienced a massive power outage today around noon, crippling public transport, traffic lights, and phone services in Madrid, Barcelona, and Lisbon. While the Canary and Balearic Islands remained unaffected, Spanish authorities and grid operator Red Electrica are investigating the cause. Markets, however, remained largely stable despite the disruption.
Interestingly, this comes at a time when European power prices plunged far below zero over the weekend due to a surge in solar energy output, further complicating the region's energy market dynamics.
How are US stocks performing under Trump’s second term?
President Donald Trump’s promise of a "boom like no other" is facing growing skepticism. As Trump approaches his 100th day of his second term, the S&P 500 is down about 8% since his inauguration, marking the worst performance for a US president’s first 100 days since Gerald Ford in 1974.
Despite a brief rally last week, wild swings driven by aggressive tariff policies have weighed heavily on market sentiment. Recent polls from major outlets like NBC and ABC News show Trump's approval ratings hitting new lows, largely due to voter concerns over economic management.
What else are investors watching?
Emerging-market stocks continue to outperform, with the MSCI Emerging Markets Index nearing a three-week high. Optimism is building around corporate earnings and easing concerns about China’s economic stability.
Meanwhile, companies like Deliveroo and Toyota Industries are making headlines. Deliveroo shares jumped over 18% after revealing a takeover offer from DoorDash. Toyota Industries soared 23% amid news of a possible buyout by Toyota Motor Corp.
On the energy front, China’s record LNG re-exports signal weakening domestic demand, adding another twist to the complex global commodities story.
FAQs:
Q1: Why are US stock market futures today swinging so much?
A1: Investors are nervous about big tech earnings, inflation data, and possible Fed rate cuts.
Q2: How did Spain's power outage affect US stock market futures today?
A2: Spain’s blackout added global jitters but had little direct impact on Wall Street futures.
Source Name : Economic Times