U.S. stock markets opened in negative territory on Thursday. Market sentiment remains tense due to ongoing uncertainty over tariffs. On the other hand, slightly better-than-expected PPI inflation data helped ease some of the negative sentiment.
At the time of publication, the US500 is down 0.40%, US100 is trading 0.60% lower, and US2000 is down 0.13%. Amid Donald Trump’s continued trade policy actions, the USD appears to be regaining some ground. U.S. 10-year and 2-year bond yields are also seeing slight gains.
Attention today shifts to trade agreements between the U.S. and the EU. President Donald Trump has threatened to impose a 200% tariff on EU alcohol in retaliation for the 50% tariff on American whiskey.
Declines in the U.S. stock market are affecting nearly all sectors, including major Big Tech companies.
Source: xStation 5
US500
The correction in US500 is now approaching 10% over the past three weeks. Today, the index is down 0.40%, trading at 5,570 points, and is testing a support zone above 5,560 points.
Source: xStation 5
Stock News
Intel (INTC.US) gains 15% after the company appointed former board member and Cadence Design Systems CEO Lip-Bu Tan as its new CEO. Additionally, reports indicated that Taiwan Semiconductor Manufacturing Company (TSMC) proposed a joint venture to operate Intel’s factory, engaging with major U.S. chipmakers like Nvidia, AMD, and Broadcom.
Adobe (ADBE.US) dips 10% despite surpassing Q1 FY2025 estimates, as the company’s outlook slightly missed market expectations. Adobe projected FQ2 EPS of $4.95–$5.00 and revenue of $5.77B–$5.82B, both marginally below consensus estimates. Full-year guidance also slightly lagged expectations, with an EPS midpoint of $20.35 versus $20.39 expected and revenue midpoint of $23.425B versus the $23.5B estimate.
UiPath (PATH.US) also dips 10% after reporting mixed Q4 results and issuing a weak outlook. For Q1, the company forecasted revenue between $330M and $335M, significantly below the consensus of $367.29M. Full-year revenue guidance of $1.525B–$1.53B also fell short of the expected $1.56B.
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