Investing.com – Before the market opened on Thursday (25th), US stock index futures fell sharply, with the Dow, Nasdaq, S&P 500, and small-cap index futures all down more than 1% after first quarter GDP release. data released by the United States Negative.
On the one hand, the US GDP growth rate in the first quarter was higher than the expectations of 3.9% to 1.6%, and is expected to be 2.5%. On the other hand, the US first quarter GDP deflator, one of the inflation indicators, rose to 3.1% from 1.7%, higher than the 3.0% expected.
This situation shows that although the economy is slowing faster than expected, the inflation problem is also more serious than expected, and has greatly increased the difficulty of the Federal Reserve’s decision-making .
stocks before the market opens
Facebook parent company Meta Platforms (NASDAQ: ) fell 15%.
Dragged down by Meta, Microsoft (NASDAQ: ) fell 2.21%, Amazon (NASDAQ: ) fell 2.50%, and Google parent company Alphabet (NASDAQ: ) fell 3.13%.
However, Apple (NASDAQ: ) rose 0.34%. NVIDIA (NASDAQ: ) rose 0.42%,
IBM (NYSE:) fell 8.6% after its first quarter earnings report was weaker than expected. It also announced it would acquire cloud software company Hashicorp (NASDAQ: ) for $6.4 billion, which rose 4%.
American Airlines (NASDAQ: ) rose 5.2%, anticipating that this quarter’s profits will be much better than expected, and business travel demand and summer tourism demand are strong.
Ford Motor Co (NYSE: ) rose 1.1% on positive first-quarter earnings, strong performance in its commercial vehicle division, growth in hybrid vehicle sales and positive guidance.
Chipotle Mexican Grill (NYSE: ) rose 3.3% after first-quarter profit beat expectations, benefiting from higher menu prices.
Caterpillar (NYSE: ) fell 4% as sales fell, but profits increased thanks to higher product prices.
Merck (NYSE: ) rose 1.9% after raising its annual profit and revenue forecasts, helped by strong sales of cancer treatment Keytruda and human papillomavirus vaccine Gardasil.
Royal Caribbean (NYSE: ) rose 3.4% after raising its annual profit forecast for the second time this year due to strong demand for cruise travel and passenger spending.
Southwest Airlines (NYSE: ) fell 7.2% after Boeing lowered its 2024 new plane delivery forecast for the third time. The company also said it would adopt a cost-cutting plan.
Harley-Davidson (NYSE: ) rose 3.5% after first-quarter profit beat expectations on strong sales in North America.
Comcast (NASDAQ: ) rose 1.2% after quarterly revenue beat expectations as subscriber growth for its Peacock streaming service exceeded expectations and theme park attendance also showed positive results.
Tesla (NASDAQ: ) rose 0.44%.
Chinese concept stocks
The China Internet ETF KraneShares CSI China Internet (NYSE: ) fell 0.75%.
NIO (NYSE:) (HK:) fell 1.2%, Li Auto (NASDAQ:) (HK:) fell 2.2%, and Xpeng Motors (NYSE:) (HK:) rose 0.4%.
Bilibili (NASDAQ: ) (HK: ) fell 0.76%, iQiyi (NASDAQ: ) fell 1.2%, and Huya (NYSE: ) fell 1.3%.
Alibaba (NYSE:) (HK:) fell 0.5%, JD.com (NASDAQ:) (HK:) rose 0.02%, and Pinduoduo (NASDAQ:) fell 0.4%.
Baidu (NASDAQ: ) (HK: ) rose 0.10%. NetEase (NASDAQ: ) (HK: ) fell 0.37%.
other markets
Most European stock markets fell, falling more than 1%.
Asia-Pacific stock markets were mixed.
After the US GDP data was released, it rose again after diving.
Comex, the New York Mercantile Exchange, fluctuated widely.
microliter.
financial report
Pre-open: Altria Group AG (NYSE: ), Newmont Goldcorp Corp (NYSE: ), Bristol-Myers Squibb (NYSE: ), AstraZeneca PLC ADR (NASDAQ: ), Valero Energy (NYSE: ), Nosero Grumman Corporation (NYSE: : ), Mobileye Global Inc (NASDAQ: ), Opera Ltd (NASDAQ: ), STMicroelectronics NV ADR (NYSE: ), Honeywell International Inc. (NASDAQ: ), AO Smith Corp (NYSE: ), Dow Inc (NYSE: ), Hertz Global Holdings Inc (NASDAQ: ), Keurig Dr Pepper Inc (NASDAQ: ), Sanofi ADR (NASDAQ: ), Union Pacific (NYSE: ), Harley-Davidson Inc. (NYSE: ), DTE Energy Inc. (NYSE:), Lazard Ltd (NYSE:), Uxin Ltd (NASDAQ:).
After the close: Microsoft Corp (NASDAQ: ), Alphabet Inc Class A (NASDAQ: ), Intel Corp (NASDAQ: ), Snap Inc (NYSE: ), Roku Inc (NASDAQ: ), Western Digital (NASDAQ: ), T – Mobile US Inc (NASDAQ:), L3Harris Technologies Inc (NYSE:), KLA Corporation (NASDAQ:).
For all of today’s financial reports, visit Investing.comEarnings Calendar.
Economic data and events
20:30 Hong Kong time (08:30 AM ET)
22:00 Hong Kong time (10:00 am Eastern Time)
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For more economic information, visit Investing.comfinancial calendar.
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Compiler: Liu Chuan
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