Mixed stock futures ahead of tech earnings

U.S. stock futures are mixed as investors await earnings reports from Microsoft and Meta Platforms after the closing bell today. The Dow Jones Industrial Average and S&P 500 extended their winning streaks to six sessions on Tuesday amid a wave of corporate earnings. Dow futures are pointing slightly higher, while S&P 500 futures are down 0.3%. Nasdaq futures are 0.6% lower. Bitcoin is little changed, around $95,000, and yields on the 10-year Treasury note have dropped to 4.15%. Oil and gold futures are also lower.

Stock market open or closed tomorrow, May 1? NSE, BSE holiday calendar#StockMarket https://t.co/Lb0sn4IGWD

— ET NOW (@ETNOWlive) April 30, 2025

Analysts expect Microsoft to report a year-over-year revenue increase of 10% to $68.44 billion, with earnings per share estimated at $3.21. Meta is projected to report first-quarter earnings per share of $5.24 on revenue of $41.35 billion, signifying 11% and 13% growth, respectively. In premarket trading, Microsoft shares are little changed, while Meta shares are down 1%.

#MarketAlert | #Nifty hits 10-month low but recovers and hits this year’s high!

Here's how the markets panned out this month!#StockMarket #StockMarketIndia #stockmarkets #StockMarketNews #StockMarketUpdate pic.twitter.com/e05rylTXLS

— ET NOW (@ETNOWlive) April 30, 2025

Shares of Super Micro Computer are plunging in premarket trading after the server maker released preliminary results that fell short of expectations.

Tech earnings drive market sentiment

The company now forecasts revenues between $4.5 billion and $4.6 billion, much lower than its prior estimate of $5 billion to $6 billion.

Remains one of best charts out there…

Avg intra-year ↓ in S&P 500 over past 45 yrs = 14.1%.

In 1/3 of those years, stocks were ↓ 17% or more.

Declines are *normal*.

I call this the “price of admission”.

Wonder how many people sold when stocks were ↓ 19% a few weeks ago. pic.twitter.com/tb92859uK8

— Nate Geraci (@NateGeraci) April 29, 2025

Projected adjusted earnings per share of 29 to 31 cents are also down from the previously estimated 46 to 62 cents. The revisions were attributed to delayed consumer product decisions that pushed sales into the fourth quarter. Starbucks stock is dropping more than 8% in premarket trading after the coffee company reported disappointing quarterly results. Global same-store sales slipped 1%, and revenue increased by only 2% to $8.76 billion, both figures missing estimates. Adjusted earnings per share came in at 41 cents. The report comes as CEO Brian Niccol implements a turnaround plan aimed at making stores more welcoming.

S&P 500 will plunge 40% to 3,300 and usher in "the buying opportunity of a lifetime" says Thomas Kee, CEO of Stock Traders Daily 🚨🚨 pic.twitter.com/eLygCSWMvG

— Barchart (@Barchart) April 30, 2025

Shares of Caterpillar are rising 3.5% in premarket trading, despite the company reporting a larger-than-expected first-quarter sales decline. Revenue fell 10% to $14.25 billion, shy of the $14.65 billion expected by analysts. Adjusted earnings per share of $4.25 matched projections. Caterpillar presented two outlook scenarios for the whole year: one without the impact of tariffs, showing revenue as “about flat,” and another with tariffs, which projects revenue in line with the prior expectation of a slight decline. Image Credits: Photo by Coinstash Australia on Unsplash