Who is checking the fund 🙄
American stock futures slightly drifted down on Wednesday as investors nervously await important figures and reports from the 'big players'. Later today, the March PCE price index (the Fed's favorite) 📈 and the first estimate of GDP for the first quarter 📊 are expected to be released. A small reason for panic? Perhaps.
In corporate news: after the market closes, Meta Platforms and Microsoft will report their results 💻. For now, we can only guess how they will surprise us.
Meanwhile, SMCI decided not to wait for overall panic — their shares have already plummeted by 15% 📉 after the publication of 'not very' preliminary results for the third quarter. Good job, what can I say.
On Tuesday, however, everything was quite upbeat: the Dow rose by 0.75%, the S&P 500 gained 0.58%, and the Nasdaq Composite increased by 0.55% 🔥. For the Dow and S&P, this marks the sixth consecutive day of growth — almost like marathon runners.
Market sentiment was improved by news that the White House is on the verge of reaching a trade deal 🤝. Trade Secretary Howard Lutnick was reassuring, and Trump immediately added optimism by stating that an agreement with India could be signed soon. We are waiting.