{"id":49377,"date":"2025-04-30T10:29:06","date_gmt":"2025-04-30T15:29:06","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/midday-market-update-stocks-retreat-as-gdp-contracts-big-tech-earnings-loom\/49377\/"},"modified":"2025-04-30T10:29:06","modified_gmt":"2025-04-30T15:29:06","slug":"midday-market-update-stocks-retreat-as-gdp-contracts-big-tech-earnings-loom","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/midday-market-update-stocks-retreat-as-gdp-contracts-big-tech-earnings-loom\/49377\/","title":{"rendered":"Midday Market Update: Stocks Retreat as GDP Contracts, Big Tech Earnings Loom"},"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\/midday-market-update-stocks-retreat-as-gdp-contracts-big-tech-earnings-loom\/49377\/#Market_Indexes_Pull_Back_on_Disappointing_Economic_Data\" >Market Indexes Pull Back on Disappointing Economic Data<\/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\/midday-market-update-stocks-retreat-as-gdp-contracts-big-tech-earnings-loom\/49377\/#Inflation_Cools_as_Consumer_Spending_Surges\" >Inflation Cools as Consumer Spending Surges<\/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\/midday-market-update-stocks-retreat-as-gdp-contracts-big-tech-earnings-loom\/49377\/#Big_Tech_Earnings_in_Focus\" >Big Tech Earnings in Focus<\/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\/midday-market-update-stocks-retreat-as-gdp-contracts-big-tech-earnings-loom\/49377\/#Key_Stocks_Making_Moves\" >Key Stocks Making Moves<\/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\/midday-market-update-stocks-retreat-as-gdp-contracts-big-tech-earnings-loom\/49377\/#Trade_Tensions_and_Tariff_Negotiations\" >Trade Tensions and Tariff Negotiations<\/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\/midday-market-update-stocks-retreat-as-gdp-contracts-big-tech-earnings-loom\/49377\/#Looking_Ahead\" >Looking Ahead<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Indexes_Pull_Back_on_Disappointing_Economic_Data\"><\/span>Market Indexes Pull Back on Disappointing Economic Data<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As of midday Wednesday, April 30, 2025, major U.S. stock indexes are trading lower following the release of concerning economic data. The <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> is down 0.51%, while the tech-heavy Nasdaq Composite has fallen 0.66%. The <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average is showing relative strength but still down 0.75% after gaining in six consecutive sessions previously.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>This morning&#8217;s GDP report showed the U.S. economy contracted in the first quarter of 2025, marking the first economic decline in three years. Economists had expected modest growth of 0.4%, but rising trade tensions and uncertainty surrounding President Trump&#8217;s tariff policies have weighed heavily on business activity.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Inflation_Cools_as_Consumer_Spending_Surges\"><\/span>Inflation Cools as Consumer Spending Surges<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Personal Consumption Expenditures (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PCE\">PCE<\/a>) price index\u2014the Federal Reserve&#8217;s preferred inflation gauge\u2014rose just 2.3% in March from a year earlier, down from February&#8217;s 2.7% increase. On a monthly basis, prices remained unchanged, compared to 0.4% in February.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>Core PCE, which excludes volatile food and energy prices, was flat for the month and slowed to an annual rate of 2.6% from 3%. The cooling inflation data brings the Fed closer to its 2% target, potentially supporting the case for interest rate cuts later this year.<\/p>\n<p>Meanwhile, consumer spending jumped 0.7% in March, the largest monthly increase in over two years, as Americans rushed to make purchases ahead of Trump&#8217;s tariff implementation.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Big_Tech_Earnings_in_Focus\"><\/span>Big Tech Earnings in Focus<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors are anxiously awaiting earnings reports from two tech giants after today&#8217;s market close. Meta Platforms (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=META\">META<\/a>) and Microsoft (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSFT\">MSFT<\/a>) will release their quarterly results, with analysts closely monitoring their performance and guidance amid ongoing economic uncertainty.<cscitation citation_id=\"task_2__3\"><\/cscitation><\/p>\n<p>Meta is expected to report earnings per share of $5.25 on revenue of $41.3 billion. The social media giant faces challenges from its exposure to advertising and Chinese-based advertisers, who have reportedly pulled back on ad spending due to trade tensions.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>Microsoft&#8217;s report will be scrutinized for insights into cloud growth and AI services demand. Analysts anticipate solid cloud performance driven by strong bookings and AI adoption.<cscitation citation_id=\"task_2__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Stocks_Making_Moves\"><\/span>Key Stocks Making Moves<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several stocks are making significant moves today:<\/p>\n<p>&#8211; Hims &#038; Hers Health (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=HIMS\">HIMS<\/a>) has surged 23.03%, making it one of the day&#8217;s <a href=\"https:\/\/stockmarketwatch.com\/movers\/today\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Top Stocks\">top gainers<\/a>.<cscitation citation_id=\"task_2__1\"><\/cscitation><br \/>&#8211; Starbucks (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SBUX\">SBUX<\/a>) is up 1.13% despite missing earnings and revenue estimates in its report yesterday, with same-store sales declining for the fifth consecutive quarter.<cscitation citation_id=\"task_1__1\"><\/cscitation><br \/>&#8211; Brinker International (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=EAT\">EAT<\/a>) has plummeted 14.80%, leading the day&#8217;s losers.<cscitation citation_id=\"task_2__1\"><\/cscitation><br \/>&#8211; Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>) is holding relatively steady with a modest gain of 0.27%.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trade_Tensions_and_Tariff_Negotiations\"><\/span>Trade Tensions and Tariff Negotiations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Markets received a boost yesterday after Commerce Secretary Howard Lutnick hinted at an upcoming trade deal announcement. President Trump later confirmed that tariff negotiations with India are &#8220;coming along great,&#8221; raising hopes for an imminent agreement.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>April has been a volatile month for markets following Trump&#8217;s &#8220;reciprocal&#8221; tariff announcement on April 2. The S&#038;P 500 briefly entered bear market territory on April 7 but has since recovered much of those losses and is now down just 0.9% for the month.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Looking_Ahead\"><\/span>Looking Ahead<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Market participants are bracing for more volatility as earnings season continues. Amazon (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMZN\">AMZN<\/a>) and Apple (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AAPL\">AAPL<\/a>) are scheduled to report their results tomorrow, completing a busy week for Magnificent Seven stocks.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>Investors will be particularly focused on forward guidance, though many companies have pulled their outlooks due to tariff-related uncertainty. Without clear guidance, valuing stocks becomes increasingly challenging, potentially limiting immediate upside.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>As we move into May, markets will continue to monitor trade developments, economic indicators, and the Federal Reserve&#8217;s response to the evolving economic landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Indexes Pull Back on Disappointing Economic Data As of midday Wednesday, April 30, 2025, major U.S. stock indexes are 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