{"id":49363,"date":"2025-04-28T13:28:50","date_gmt":"2025-04-28T18:28:50","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-recap-wall-street-retreats-as-investors-brace-for-big-tech-earnings-week\/49363\/"},"modified":"2025-04-28T13:28:50","modified_gmt":"2025-04-28T18:28:50","slug":"market-recap-wall-street-retreats-as-investors-brace-for-big-tech-earnings-week","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-wall-street-retreats-as-investors-brace-for-big-tech-earnings-week\/49363\/","title":{"rendered":"Market Recap: Wall Street Retreats as Investors Brace for Big Tech Earnings Week"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-wall-street-retreats-as-investors-brace-for-big-tech-earnings-week\/49363\/#Major_Indexes_Pull_Back_After_Last_Weeks_Rally\" >Major Indexes Pull Back After Last Week&#8217;s Rally<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-wall-street-retreats-as-investors-brace-for-big-tech-earnings-week\/49363\/#Tech_Stocks_Lead_Declines_Ahead_of_Earnings_Tsunami\" >Tech Stocks Lead Declines Ahead of Earnings Tsunami<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-wall-street-retreats-as-investors-brace-for-big-tech-earnings-week\/49363\/#Crucial_Week_Ahead_for_Markets\" >Crucial Week Ahead for Markets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-wall-street-retreats-as-investors-brace-for-big-tech-earnings-week\/49363\/#Key_Economic_Data_on_Tap\" >Key Economic Data on Tap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-wall-street-retreats-as-investors-brace-for-big-tech-earnings-week\/49363\/#Trade_Tensions_Continue_to_Loom_Large\" >Trade Tensions Continue to Loom Large<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-wall-street-retreats-as-investors-brace-for-big-tech-earnings-week\/49363\/#Market_Outlook\" >Market Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_Pull_Back_After_Last_Weeks_Rally\"><\/span>Major Indexes Pull Back After Last Week&#8217;s Rally<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The U.S. stock market retreated on Monday, April 28, 2025, as investors took a cautious stance ahead of a pivotal week filled with high-profile earnings reports and crucial economic data. The <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average fell 57.37 points (-0.14%) to close at 40,056.13, while the <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> declined 27.29 points (-0.49%) to 5,497.67. The tech-heavy Nasdaq Composite dropped more sharply, losing 144.58 points (-0.74%) to finish at 19,287.98.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<p>Today&#8217;s pullback follows last week&#8217;s strong performance, when the S&#038;P 500 gained 4.6% and the Nasdaq climbed 6.7%, marking their second positive week out of three.<cscitation citation_id=\"task_1__1\"><\/cscitation> The recent volatility stems from ongoing uncertainty surrounding President Trump&#8217;s tariff policies, which have triggered significant market swings throughout April.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tech_Stocks_Lead_Declines_Ahead_of_Earnings_Tsunami\"><\/span>Tech Stocks Lead Declines Ahead of Earnings Tsunami<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Technology stocks led today&#8217;s declines, with Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>) dropping 3.45% to $106.99 and Microsoft (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSFT\">MSFT<\/a>) falling 0.66% to $389.40.<cscitation citation_id=\"task_1__3\"><\/cscitation> Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>) shares declined 1.53% to $280.43 following reports that New York lawmakers are attempting to restrict the electric vehicle maker&#8217;s ability to sell cars directly to consumers in the state.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>Cadence Design Systems (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CDNS\">CDNS<\/a>) shares also fell ahead of its financial report scheduled for after today&#8217;s market close. Meanwhile, Boeing (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=BA\">BA<\/a>) bucked the trend, advancing after receiving an upgrade from Bernstein, which noted progress in the aircraft manufacturer&#8217;s turnaround plan.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Crucial_Week_Ahead_for_Markets\"><\/span>Crucial Week Ahead for Markets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This week represents a critical juncture for Wall Street, with approximately 180 S&#038;P 500 companies set to report quarterly results.<cscitation citation_id=\"task_2__2\"><\/cscitation> <b>Big Tech earnings will take center stage<\/b>, with Microsoft (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSFT\">MSFT<\/a>) and Meta Platforms (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=META\">META<\/a>) reporting on Wednesday, followed by Apple (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AAPL\">AAPL<\/a>) and Amazon (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMZN\">AMZN<\/a>) on Thursday.<cscitation citation_id=\"task_3__1\"><\/cscitation> Other notable companies reporting this week include Visa (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=V\">V<\/a>), Coca-Cola (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=KO\">KO<\/a>), Eli Lilly (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=LLY\">LLY<\/a>), and Chevron (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CVX\">CVX<\/a>).<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Economic_Data_on_Tap\"><\/span>Key Economic Data on Tap<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Beyond corporate earnings, investors will closely monitor several significant economic reports. Wednesday brings the release of first-quarter U.S. GDP data and the Federal Reserve&#8217;s preferred inflation gauge, the Personal Consumer Expenditures (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PCE\">PCE<\/a>) index, which will show the impact of tariffs on consumer expenses.<cscitation citation_id=\"task_2__2\"><\/cscitation> <\/p>\n<p>Thursday features the ISM Manufacturing PMI, while Friday&#8217;s highly anticipated April jobs report will provide crucial insights into the labor market&#8217;s resilience amid economic uncertainty.<cscitation citation_id=\"task_3__1\"><\/cscitation> These reports could significantly influence the Federal Reserve&#8217;s monetary policy decisions in the coming months.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trade_Tensions_Continue_to_Loom_Large\"><\/span>Trade Tensions Continue to Loom Large<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Market sentiment remains heavily influenced by U.S.-China trade relations. Treasury Secretary Scott Bessent stated Monday that it was &#8220;up to China&#8221; to de-escalate the trade battle, though he acknowledged China&#8217;s recent exemption of certain U.S. goods from duties as a positive development.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>The impact of tariffs is already becoming apparent, with cargo shipments from China to the U.S. reportedly plummeting by as much as 60% since the U.S. raised tariffs to 145% in early April. Analysts warn this reduction could lead to empty shelves, higher prices, and potential layoffs in industries such as trucking, logistics, and retail by mid-May.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Outlook\"><\/span>Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As President Trump approaches his 100-day mark in office, economic approval ratings have fallen to 39%, with his tariff policies proving particularly unpopular.<cscitation citation_id=\"task_3__2\"><\/cscitation> This political backdrop, combined with the busy earnings and economic calendar, suggests continued market volatility in the days ahead.<\/p>\n<p>Investors should pay particular attention to forward guidance from major companies, as many firms are lowering forecasts despite strong Q1 results, reflecting caution about the impact of ongoing trade tensions.<cscitation citation_id=\"task_3__2\"><\/cscitation> With the VIX volatility index at 26.16, markets remain on edge as they navigate this consequential week.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Indexes Pull Back After Last Week&#8217;s Rally The U.S. stock market retreated on Monday, April 28, 2025, as investors 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