Stock market today: Dow, S&P 500, Nasdaq futures climb in bid to recover from sell-off
Earnings results have been streaming in this morning. Here’s how some of the companies that reported are trading premarket:
Verizon (VZ) stock fell over 4% as higher prices and offseason promotions by AT&T (T) and T-Mobile (TMUS) resulted in softer wireless subscriber numbers than Wall Street expected.
Kimberly-Clark (KMB) shares also fell more than 4% after reporting mixed earnings. The maker of Kleenex tissues and diapers slashed its annual profit forecast and warned that tariffs would raise supply chain costs.
Halliburton (HAL) fell 1% after a slowdown in North American drilling activity weighed on the oilfield services provider’s first quarter profits. Tariffs are expected to drive up the cost of equipment for the Houston-based company.
GE Aerospace (GE) popped 2% after the jet engine maker beat Q1 profit estimates and reaffirmed its earnings forecast for 2025. Per Reuters, airplane shortages are driving demand for parts and services, a segment that accounts for 70% of GE’s revenue.
Later on today, investors will closely watch Tesla (TSLA) earnings for updates on Elon Musk’s role in government and the automaker’s new cheaper EV. Yahoo Finance’s Pras Subramanian previews what to expect here.