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📉   Futures Slide On Latest Batch Of Disappointing Earnings

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US equity futures slumped for the second day, dragged down by earnings and a lack of positive news on trade negotiations. As of 8:00am, S&P 500 futures dropped 0.9% as risk is pared into tomorrow's Fed announcement and the index failed to breach through technical resistance; Ford slumped after suspending its guidance and warned tariffs will reduce 2025 adjusted EBIT by about $1.5 billion; Nasdaq futures 100 dropped 1.1%, with all Mag7 stocks lower as Tesla and Meta led declines. Palantir tumbled 8% after the software firm’sresultsfailed to meet investors’ expectations, while Ford slipped 3% after the carmakerpulledits financial guidance and flagged a tariff impact of about $2.5 billion on 2025 earnings.

ZeroHedge Opinion     May 06, 2025