The Market Brief
Hey team. U.S. stock index futures were flat to slightly lower on Wednesday as investors braced for a slew of economic data and corporate results to close out a volatile month.
Let’s recap the last session and see what’s next!
Impact Snapshot
🟥 ADP Non-Farm Employment - 8:15am
🟥 US Q1 GDP - 8:30am
🟥 PCE Inflation - 10:00am
Key Earnings: MSFT 0.00%↑ META 0.00%↑
Macro Viewpoint
S&P 500 futures edged lower ahead of the release of key U.S. economic data, as corporate earnings reports offered little confidence about the outlook.
The first-quarter earnings season is gaining momentum, coinciding with a slew of significant economic releases — including GDP data for Q1, March’s PCE inflation reading, and the latest ADP employment figures.
Expectations for the U.S. economy have dimmed, with some analysts now projecting little growth — or even a contraction — in the first quarter. This shift follows Tuesday’s report showing the goods trade deficit widened to a record high in March.
A slew of recent economic indicators has painted a cloudier picture of the U.S. economy, revealing weakening business and consumer sentiment. Much of this is seen as a consequence of rapidly evolving U.S. trade policies and tariff uncertainty.
