04:02 PM EDT, 04/28/2025 (MT Newswires) -- US benchmark equity indexes ended mixed Monday as markets awaited several major corporate earnings and key macroeconomic data due later this week.
Mega-cap tech companies Apple ( AAPL ) , Microsoft ( MSFT ) , Meta Platforms ( META ) , and Amazon.com ( AMZN ) are scheduled to report their latest quarterly financial results later in the week. Other major names that are due to release financials are McDonald's (MCD), Visa (V), Coca-Cola (KO), Pfizer ( PFE ) , and Eli Lilly ( LLY ) .
* S&P 500 companies' latest quarterly earnings have so far exceeded market expectations, with bottom-line results surging nearly 18% from a year earlier, Oppenheimer Asset Management said Monday. Ahead of the reporting season, Bloomberg's bottom-up estimates put analysts' projected earnings growth at 6.8%.
* US Treasury Secretary Scott Bessent said "it's up to China to de-escalate" trade tensions with the Trump administration, CNBC reported. "They sell five times more to us than we sell to them, and so these 120%, 145% tariffs are unsustainable," Bessent reportedly said.
* June West Texas Intermediate crude oil closed down $1.04 to settle at $61.98 per barrel, while June Brent crude, the global benchmark, was last seen down $1.12 to $65.75 as OPEC+ readies to add supply while U.S. President Donald Trump's global trade wars continue to roil markets.
* Pony AI (PONY) is moving closer to profitability after implementing cost-cutting measures, the Wall Street Journal reported Monday, citing the company's Chief Technology Officer, Lou Tiancheng. Shares were up 47%.
* Nvidia ( NVDA ) shares were down 2.1%. China's Huawei Technologies is preparing to test its latest artificial intelligence processor that it hopes could replace certain higher-end products of US chipmaking giant, The Wall Street Journal reported Sunday, citing unnamed sources.