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US STOCKS-Wall Street set for muted open in busy week for earnings, data
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US STOCKS-Wall Street set for muted open in busy week for earnings, data
May 25, 2025 9:39 PM

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

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

*

Futures down: Dow 0.02%, S&P 500 0.07%, Nasdaq 0.1%

*

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

decline

*

Sprit AeroSystems up after Airbus to takeover plants

*

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

(Updates quote, prices)

By Lisa Pauline Mattackal and Purvi Agarwal

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

to open little changed on Monday as investors braced for a week

packed with key economic data and earnings from some of Wall

Street's biggest companies, while U.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.

"The market really just continues in this game of trying to

figure out what's next for President Trump and trade

negotiations," said Phil Blancato, CEO of Ladenburg Thalmann

Asset Management.

Investors are also watching company earnings and executive

comments for indications on how the new tariffs could impact

their outlook. The spotlight will be on "Magnificent Seven"

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

Meta Platforms ( META ), as 180 S&P 500 companies prepare to

report results this week.

Big tech companies can continue to beat earnings

expectations as they are more resistant to tariffs, Blancato

said. "Are you going to tell somebody to not use a Microsoft ( MSFT )

operating system at this point because of a tariff? That's

highly unlikely."

So far, earnings season 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.

However, many companies have flagged the uncertainty caused

by changes in trade policy, with some cutting or pulling annual

forecasts.

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 8:31 a.m. ET, Dow E-minis were down 10 points, or

0.02%, S&P 500 E-minis were down 3.75 points, or 0.07%,

and Nasdaq 100 E-minis were down 18.75 points, or 0.1%.

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

Trump took office. Despite an initial rally in equities after

his election in November, the S&P 500 has declined more

than 4% since then, and fallen over 10% from its February record

high as markets assess the potential impact of tariffs.

A majority of economists polled by Reuters said the risks of

the global economy slipping into recession this year were high.

Among individual stocks, Dominos Pizza fell 3.6% in

premarket trading after it posted a surprise decline in

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

Web browser developer Opera's U.S.-listed shares

jumped 13.3% after the company lifted its annual revenue

forecast.

Spirit AeroSystems ( SPR ) rose 2.5% after Airbus

reached a deal to take over some of the company's plants.

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