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Stocks Decline Pre-Bell as Investors Brace For Big Tech Earnings, Key Economic Data
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Stocks Decline Pre-Bell as Investors Brace For Big Tech Earnings, Key Economic Data
May 25, 2025 9:38 PM

07:34 AM EDT, 04/28/2025 (MT Newswires) -- The benchmark US stock measures were tracking in the red before the opening bell on Monday as traders prepare for a busy week that includes earnings of some of the major technology companies, a key inflation report and fresh labor market data.

The S&P 500 and the Nasdaq declined 0.2% each in premarket activity, while the Dow Jones Industrial Average was off 0.1%. The indexes finished Friday's trading session higher, marking the fourth straight day of gains.

Apple ( AAPL ) , Amazon.com ( AMZN ) , Microsoft ( MSFT ) and Meta Platforms ( META ) are scheduled to report their latest quarterly results later this week.

Roper Technologies ( ROP ) , Domino's Pizza (DPZ) and Revvity ( RVTY ) are among the companies releasing their financial statements early Monday. Waste Management (WM), Cadence Design Systems ( CDNS ) and NXP Semiconductors ( NXPI ) post earnings after the markets close.

Investors will also be looking ahead to the personal income and outlays report for March on Wednesday. The report includes the personal consumption expenditure core price index, the Federal Reserve's preferred inflation metric.

Fresh labor market data is also on deck this week, beginning with the Job Openings and Labor Turnover Survey for March on Tuesday, followed by the ADP Employment report for April on Wednesday. The government's nonfarm payroll data for the current month is scheduled to be released on Friday.

Monday's economic calendar has the Dallas Fed manufacturing survey for April at 10:30 am.

The US is "very close to a deal" on tariffs with Japan, The Wall Street Journal reported last week, citing President Donald Trump. "Trade deals are going very well," he reportedly said. The White House has recently softened its tone toward China. The Asian country seems to have quietly rolled back the 125% tariffs on certain semiconductors made in the US, CNN reported on Friday, citing three import agencies in China.

US Treasury yields moved higher in premarket action, with the 10-year rate rising 0.8 basis points to 4.27% and the two-year rate increasing 1.7 basis points to 3.78%.

West Texas Intermediate crude oil slipped 0.5% to $62.69 a barrel before the open. Some members of the Organization of the Petroleum Exporting Countries and their allies, or OPEC+, are reportedly expected to recommend that the group accelerate oil production increases for a second consecutive month when they meet next week.

Bitcoin traded up 0.7% at $95,088, while gold moved up slightly to $3,299 per troy ounce.

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