Earnings and Jobs Report This Week Eyed to Assess Tariffs Damage

Barry Adams
28 Apr, 2025
San Francisco

Benchmark indexes traded down as the busy week of earnings and economic data releases got off to a start. 

The S&P 500 index decreased 0.1%, and the Nasdaq Composite declined 0.2% as investors await the release of earnings from 200 leading corporations this week.

Investors are holding out for leading tech companies to surpass earnings expectations, and Apple, Microsoft, Amazon.com, and Meta Platforms are scheduled to release their results this week. 

Moreover, investors are looking ahead to quarterly results from Qualcomm, Caterpillar, Exxon Mobil, Chevron, Nucor Corp., and Coca-Cola Company. 

This week will mark the  end of the most volatile month on record in trading on Wall Street. 

Market indexes plunged as much as 10% and then recovered the next day after the Trump administration introduced sweeping import taxes and walked back on some of the measures. 

Moreover, Donald Trump attacked the independence and the autonomy of the U.S. Federal Reserve, unnerving global investors and setting off a sharp sell-off in the bond market. 

However, the White House was forced to reverse course and assure the market that Trump is not looking to fire the Fed Chair Jerome Powell. 

So far in April, the S&P 500 is down by 1.5%, and the Nasdaq Composite is up 0.5%.

In the week ahead, investors are looking ahead to the release of the job openings and non-farm payroll reports, two key job market reports that could provide deeper insights on the possible impact of Trump tariffs.

In addition, manufacturing surveys, the GDP growth rate, and the PCE Price Index, the alternative measure of inflation preferred by the Fed, are also on schedule.

 

U.S. Stock Movers 

Domino's Pizza decreased 1.8% to $480.0 after the pizza chain reported mixed quarterly results. 

U.S. same-store sales decreased 0.5%, and first-quarter sales were $1.11 billion, and earnings per share were $4.33. 

AutoNation Inc. increased 1% to $175.09, and the automotive dealer chain reported an 8% decline in earnings and a 3% rise in revenue in the first quarter. 

HCA Healthcare extended two-day losses to 4%, $326.87, and the hospital chain reported a weaker-than-expected increase in revenue.