Weak economic data has caused the early momentum of US stocks to be insufficient, leading some corporate giants to withdraw their performance outlook.

date
30/04/2025
US stocks swung between gains and losses in the morning session, bond yields fell, and weak economic data exacerbated speculation in the market that the Fed will cut interest rates to prevent an economic recession. Due to tariff-related uncertainties, some industry giants have withdrawn their performance outlook for 2025. At 10:05 New York time, the S&P 500 and Nasdaq 100 indexes were relatively flat, while the Dow rose 0.4%. U.S. Treasury yields rose across all maturities, with the U.S. consumer confidence index for April hitting a near five-year low. Meanwhile, job vacancies saw a significant decrease, indicating weak labor demand amid escalating economic uncertainties. General Motors and JetBlue Airways did not release performance outlooks. Amazon's stock price fell after the White House said its reported plan to display tariff costs next to total prices of goods was considered hostile.