Express delivery of pre-market news on US stocks

date
01/05/2025
1. US stock index futures continue to fall as US first quarter GDP falls short of expectations. 2. As of the time of writing, Dow Jones futures fell 0.94%, S&P 500 futures fell 1.43%, and Nasdaq 100 futures fell 1.99%. 3. Germany's DAX index fell 0.46%, France's CAC index fell 0.19%, and the UK's FTSE index fell 0.26%. 4. WTI crude oil fell 1.49% to $59.52 per barrel. Brent crude oil fell 1.39% to $62.40 per barrel. 5. US actual GDP for the first quarter fell 0.3% on an annualized basis, below market expectations of 0.3%, hitting a new low since the second quarter of 2022. The contraction in the US economy in the first quarter was primarily driven by companies hoarding imported goods to avoid cost increases, highlighting the destructive impact of Trump's chaotic tariff policies. 6. The US trade deficit unexpectedly hit a historic high in March as companies continued to import goods before tariffs took effect, indicating that the first quarter economic output data in the US may be significantly affected. The sharp increase in monthly imports may be a last-ditch effort by US companies to secure supplies before tariffs are imposed. 7. AMD's stock fell over 19% in pre-market trading, as the company's performance forecast fell far short of expectations. 8. Western Digital rose 11.5% in pre-market trading, as its fourth quarter revenue and profit guidance exceeded expectations. 9. Caterpillar's stock fell nearly 6% in pre-market trading, as Q1 revenue fell short of market expectations.