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US STOCKS-US stock futures fall at start of week with key data, earnings
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US STOCKS-US stock futures fall at start of week with key data, earnings
May 25, 2025 9:37 PM

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

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

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Futures down: Dow 0.22%, S&P 500 0.32%, Nasdaq 0.31%

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Domino's Pizza falls after Q1 U.S. same store sales

decline

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36% of S&P 500 companies set to report results this week

(Updates with quote, prices)

By Lisa Pauline Mattackal and Purvi Agarwal

April 28 (Reuters) - U.S. stock index futures edged

lower on Monday as investors headed into a week packed with key

economic data and earnings from some of Wall Street's biggest

companies, while the Trump administration's trade policy

developments remained in focus.

The three main indexes ended Friday with weekly gains, while

the small-cap Russell 2000 marked its best week since

November as signs emerged that the U.S. and China could be

willing to de-escalate trade tensions.

However, competing claims on the state of negotiations from

Beijing and U.S. President Donald Trump highlighted the

uncertainties facing investors as they attempt to navigate

Trump's disruption of world trade.

"Even though work on multiple bilateral trade deals is

continuing and some rapprochement between China and the U.S. is

expected, high uncertainty remains," said Susannah Streeter,

head of money and markets, Hargreaves Lansdown.

The upcoming week will see 180 S&P 500 companies report

quarterly results, with the spotlight on "Magnificent Seven"

megacaps Apple ( AAPL ), Microsoft ( MSFT ), Amazon ( AMZN ) and

Meta Platforms ( META ).

Earnings season has so far has been somewhat upbeat, with

S&P 500 earnings now expected to climb 9.7% in the first quarter

from a year ago, higher than an April 1 estimate for an 8% gain,

according to LSEG IBES.

Of the 179 companies in the S&P 500 that have reported

earnings to date for the first quarter, 72.6% have reported

earnings above analyst expectations, according to estimates

compiled by LSEG.

However, many companies have flagged the uncertainty caused

by the changing stance on tariffs, with some, including Procter

& Gamble ( PG ), cutting annual forecasts, and others such as

American Airlines ( AAL ) pulling their annual profit outlook

entirely.

A majority of economists polled by Reuters said the risks of

the global economy slipping into recession this year were high,

with many pointing to Trump's tariffs as damaging to business

sentiment.

Crucial economic data, most notably monthly U.S. payrolls

data, gross domestic product data and the personal consumption

expenditures price index, will also be keenly watched for

signals on how new tariffs are impacting economic growth,

inflation and the labor market.

At 6:55 a.m. ET, Dow E-minis were down 88 points, or

0.22%, S&P 500 E-minis were down 17.75 points, or 0.32%,

and Nasdaq 100 E-minis were down 61.5 points, or 0.31%.

The week also marks 100 days since U.S. President Donald

Trump took office. An initial rally in equities after his

election, on hopes for more pro-business policies and

deregulation, has waned.

Instead, the S&P 500 has declined more than 4% since

Trump's election victory in November, and fallen over 10% from

its February record high as markets assess the potential impact

of tariffs.

"The hope for Trump bump for the economy threatens to be a

slump, with recession fears swirling and America's reputation

for stability is set to stay under pressure," said Streeter.

Among individual stocks, Tesla rose 1.3% after

soaring nearly 10% in the previous session.

Dominos Pizza fell 3.6% after it posted a surprise

decline in first-quarter U.S. same-store sales on weak consumer

spending.

(Reporting by Lisa Mattackal and Purvi Agarwal in Bengaluru;

Editing by Devika Syamnath)

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