US Stock Market Today: S&P 500 Futures Rise 0.2% Amid Tariff Threats, Uber & Disney Shares Plummet
Some prominent companies released their earnings reports, which gave mixed signals to the investors. McDonald’s and Shopify witnessed immense growth after the positive earnings reports, which outran analysts’ expectations and led to increased stock prices. Meanwhile, the performances of other large companies showed weaker results.
Both Uber Technologies Inc. and Walt Disney Co. posted disappointing earnings, and their share prices declined. Furthermore, Super Micro Computer Inc. experienced a dramatic rebound of more than 17% following the company’s revision of its annual sales forecast downwards.
Advanced Micro Devices Inc. (AMD) also experienced a decline as the company did not provide strong guidance on its sales in China, a key market for semiconductor firms. However, the earnings season overall has been relatively strong, with most companies reporting positive growth. Investor sentiment, however, remains cautious, with the broader economic landscape still appearing to be facing concerns.