{"id":61378,"date":"2026-04-28T16:38:19","date_gmt":"2026-04-28T20:38:19","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nasdaq-leads-wall-street-lower-as-t-mobile-and-mondelez-post-strong-earnings\/61378\/"},"modified":"2026-04-28T16:38:19","modified_gmt":"2026-04-28T20:38:19","slug":"nasdaq-leads-wall-street-lower-as-t-mobile-and-mondelez-post-strong-earnings","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nasdaq-leads-wall-street-lower-as-t-mobile-and-mondelez-post-strong-earnings\/61378\/","title":{"rendered":"Nasdaq Leads Wall Street Lower as T-Mobile and Mondelez Post Strong Earnings"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Major U.S. indices closed lower<\/strong> on Tuesday, led by a <strong>0.89% decline in the Nasdaq Composite<\/strong>, as tech-heavy sectors faced late-session pressure.<\/li>\n<li><strong>T-Mobile (<a href=\"\/stock\/TMUS\">TMUS<\/a>) raised its full-year guidance<\/strong>, now forecasting up to <strong>1.05 million postpaid net account additions<\/strong> and adjusted free cash flow reaching as high as <strong>$18.70 billion<\/strong>.<\/li>\n<li><strong>Mondelez (<a href=\"\/stock\/MDLZ\">MDLZ<\/a>) outperformed expectations<\/strong> in the first quarter, reporting revenue of <strong>$10.08 billion<\/strong> and adjusted EPS of <strong>$0.67<\/strong>, beating the IBES estimate of $0.61.<\/li>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold prices<\/a> dropped sharply to $4,595 an ounce<\/strong> as geopolitical tensions regarding the <strong>Strait of Hormuz<\/strong> and a US-Iran deadlock weighed on the bullion market.<\/li>\n<li><strong>Booking Holdings (<a href=\"\/stock\/BKNG\">BKNG<\/a>) reported mixed Q1 results<\/strong>, with revenue narrowly missing estimates at <strong>$5.50 billion<\/strong>, though adjusted EPS of <strong>$1.14<\/strong> came in ahead of forecasts.<\/li>\n<\/ul>\n<p>U.S. equity markets finished in negative territory on Tuesday as investors weighed a heavy slate of corporate earnings against ongoing geopolitical uncertainty. The <strong>Nasdaq Composite (<a href=\"\/stock\/%5EIXIC\">^IXIC<\/a>)<\/strong> saw the steepest losses, falling <strong>222.37 points, or 0.89%, to close at 24,664.73<\/strong>.<\/p>\n<p>The <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> (<a href=\"\/stock\/%5EGSPC\">^GSPC<\/a>)<\/strong> shed <strong>34.61 points, or 0.48%, to end at 7,139.30<\/strong>, while the <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (<a href=\"\/stock\/%5EDJI\">^DJI<\/a>)<\/strong> remained relatively resilient, dipping only <strong>30.66 points, or 0.06%, to finish at 49,147.35<\/strong>. <em>Market sentiment appeared dampened by energy supply risks and a sharp correction in precious metals.<\/em><\/p>\n<p><strong>T-Mobile (<a href=\"\/stock\/TMUS\">TMUS<\/a>)<\/strong> provided a bright spot for the telecom sector, lifting its full-year outlook across several key metrics. The carrier now expects <strong>postpaid net account additions of 950,000 to 1.05 million<\/strong>, up from its previous range of 900,000 to 1 million. Additionally, the company projected <strong>Core Adjusted EBITDA between $37.10 billion and $37.50 billion<\/strong>, signaling <em>robust consumer demand and operational efficiency.<\/em><\/p>\n<p>In the consumer goods sector, <strong>Mondelez (<a href=\"\/stock\/MDLZ\">MDLZ<\/a>)<\/strong> delivered a strong Q1 performance, posting revenue of <strong>$10,080 million<\/strong>, which comfortably exceeded the <strong>$9,750 million<\/strong> anticipated by analysts. The snack giant reported <strong>net income of $560 million<\/strong> and adjusted EPS of <strong>$0.67<\/strong>, surpassing the <strong>$0.61<\/strong> forecast. <em>The results suggest the company is successfully navigating inflationary pressures through pricing power and volume growth.<\/em><\/p>\n<p><strong>Booking Holdings (<a href=\"\/stock\/BKNG\">BKNG<\/a>)<\/strong> presented a more nuanced quarter, with revenue of <strong>$5,500 million<\/strong> slightly trailing the <strong>$5,517 million<\/strong> IBES estimate. Despite the revenue miss, the travel giant posted a <strong>net income of $1,100 million<\/strong> and an adjusted EPS of <strong>$1.14<\/strong>, beating the <strong>$1.08<\/strong> forecast. <em>The bottom-line beat indicates disciplined cost management despite a slight softening in top-line growth.<\/em><\/p>\n<p>Commodities saw significant volatility as <strong>gold fell sharply toward $4,595 an ounce<\/strong>. The decline comes as the <strong>US-Iran deadlock over the Strait of Hormuz<\/strong> continues to threaten global energy supplies, creating a complex environment for safe-haven assets. <em>Investors appear to be rotating out of bullion as energy supply risks take center stage in the geopolitical landscape.<\/em><\/p>\n<p>In corporate finance news, <strong>Bill Ackman<\/strong> is reportedly projected to secure roughly <strong>half of his peak fundraising goal<\/strong> in his second attempt at an IPO, according to the <em>Financial Times<\/em>. Meanwhile, credit markets remained stable for European energy, as <strong>Fitch reaffirmed Repsol&#39;s (<a href=\"\/stock\/REP\">REP<\/a>) rating at &quot;BBB+&quot;<\/strong> with a stable outlook, citing the company&#39;s consistent credit profile.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Major U.S. indices closed lower on Tuesday, led by a 0.89% decline in the Nasdaq Composite, as tech-heavy 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