The Market Brief
Good morning, team. S&P 500 futures declined early Wednesday after Alphabet, Google's parent company, reported disappointing revenue. This comes after a positive session for the major indexes.
Let’s take a look back at yesterday’s market performance and what’s ahead!
Impact Snapshot
🟥 ADP Non-Farm Employment Change - 8:15am
🟥 ISM Services PMI - 10:00am
Key Earnings: UBER 0.00%↑ DIS 0.00%↑ F 0.00%↑ TM 0.00%↑
Macro Viewpoint
US equity futures declined alongside European stocks as investors grappled with ongoing trade tensions and a packed earnings schedule featuring some of the world's largest companies.
Tech futures retreated, weighed down by pre-market losses in Google and AMD following disappointing earnings reports.
While markets have stabilised after the tariff-related turmoil, headlines from Washington continue to fuel volatility. Following recent negotiations, the 25% tariffs on Mexico and Canada announced over the weekend have been delayed by a month.
Traders are also keeping an eye on the upcoming US ISM services data, which could offer further insight into the Federal Reserve’s rate trajectory.
