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US STOCKS-S&P 500, Nasdaq futures subdued as markets assess earnings, await data
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US STOCKS-S&P 500, Nasdaq futures subdued as markets assess earnings, await data
May 25, 2025 10:11 PM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window.)

*

Futures: Dow up 0.26%, S&P 500 down 0.13%, Nasdaq off

0.16%

*

Honeywell gains after rise in Q1 profit

*

General Motors ( GM ) pulls forecast on tariff uncertainty

*

Consumer confidence, JOLTS data due in the day

(Updates with corporate earnings)

By Lisa Pauline Mattackal and Purvi Agarwal

April 29 (Reuters) - Futures tied to the S&P 500 and the

Nasdaq were slightly lower on Tuesday as investors assessed a

slew of corporate earnings and awaited economic data for more

clarity on the impact of U.S. tariffs.

Supporting futures linked to the blue-chip Dow, Honeywell

jumped 5.3% after posting a rise in adjusted profit for

the first quarter. United Parcel Service ( UPS ), a bellwether

for the economy, gained 2.6% in premarket trading after its

quarterly results.

Meanwhile, U.S. officials said President Donald Trump's

administration will move to reduce the impact of his automotive

tariffs by alleviating some duties imposed on foreign parts in

domestically manufactured cars, and keeping tariffs on cars made

abroad from piling on top of other ones.

General Motors ( GM ) slipped 2.8% after the automaker

pulled its annual forecast due to tariff uncertainty. Shares of

automakers Ford and Tesla dipped marginally,

reversing earlier gains.

More clarity on the state of U.S.-China trade negotiations

was still awaited.

Consumer confidence and JOLTs job openings are also

scheduled for the day, while U.S. first-quarter GDP and nonfarm

payrolls are expected later in the week.

Four of the "Magnificent Seven" group of megacap stocks -

Meta Platforms ( META ), Microsoft ( MSFT ), Apple ( AAPL ) and

Amazon.com ( AMZN ) - will report quarterly results this week.

"It shouldn't really be especially surprising that

participants took something of a 'wait-and-see' approach to

proceedings ... with conviction lacking across the board, and

markets largely meandering along in a relatively directionless

fashion," said Michael Brown, senior research strategist at

Pepperstone.

At 06:47 a.m. ET, Dow E-minis were up 104.00 points,

or 0.26%, S&P 500 E-minis were down 7 points, or 0.13%,

while Nasdaq 100 E-minis were down 30.75 points, or

0.16%.

The S&P 500 closed Monday with marginal gains, rising

for a fifth straight session in its best winning streak since

November. Indexes have clawed back some losses this month on

hopes for a de-escalation in trade tensions between the U.S. and

China.

Still, all three major indexes remain down for the year,

with the S&P 500 on track to fall about 1.5% this month.

First-quarter earnings for S&P 500 companies are expected to

rise 10.9% from a year ago. That is higher than an early-April

estimate for a 7.8% rise, but many companies have warned of the

new tariffs impacting their outlook.

NXP Semiconductors NV ( NXPI ) fell 8.5% after the company

only slightly beat expectations for revenue, and announced CEO

Kurt Sievers would retire by the end of the year and insider

Rafael Sotomayor would succeed him.

U.S.-listed shares of Spotify Technologies ( SPOT ) plunged

8% after it forecast current-quarter operating profit below Wall

Street estimates.

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