Markets steady as 87% of S&P 500 firms beat forecasts amid Trump-Fed dispute
The post Markets steady as 87% of S&P 500 firms beat forecasts amid Trump-Fed dispute appeared on BitcoinEthereumNews.com. On Thursday, U.S. stock futures barely moved as investors reviewed new corporate results and tracked President Donald Trump’s public quarrel with Federal Reserve Chair Jerome Powell. Futures linked to the Dow Jones Industrial Average slipped by 52 points, or 0.1% according to CNBC. Contracts tied to the S&P 500 and Nasdaq 100 hovered near unchanged levels. In early trading, PepsiCo and GE Aerospace shares climbed after both companies reported quarterly profits that topped Wall Street forecasts. United Airlines stock slipped a little over 1% in premarket trading on Thursday after the carrier trimmed its 2025 profit outlook. United beat second‑quarter forecasts but now sees full‑year profit of $9 to $11 a share, lower than its prior $11.50 to $13.50 goal. Its July‑September outlook falls in line with analyst estimates. Chief Executive Scott Kirby said, “The world is less uncertain today than it was during the first six months of 2025, and that gives us confidence about a strong finish to the year”. United’s stock is down about 9% for the year but up roughly 20% over the past month. 87% of S&P 500 companies beat estimates The wider earnings season has started on a strong note. So far, over 45 members of the S&P 500 have released results, and 87% of them have reported earnings above analysts’ expectations, according to FactSet. Wednesday’s gains on Wall Street came after the president pushed back on reports that he planned to remove Powell from his Fed post. Stocks initially tumbled when a White House official suggested that Trump “likely will soon” dismiss the Fed chair. The Dow fell over 260 points at its lowest level. The New York Times said Trump even wrote a letter asking Powell to resign and planned to show it to House Republicans. Stocks bounced back after Trump said he was “not…
The post Markets steady as 87% of S&P 500 firms beat forecasts amid Trump-Fed dispute appeared on BitcoinEthereumNews.com.
On Thursday, U.S. stock futures barely moved as investors reviewed new corporate results and tracked President Donald Trump’s public quarrel with Federal Reserve Chair Jerome Powell. Futures linked to the Dow Jones Industrial Average slipped by 52 points, or 0.1% according to CNBC. Contracts tied to the S&P 500 and Nasdaq 100 hovered near unchanged levels. In early trading, PepsiCo and GE Aerospace shares climbed after both companies reported quarterly profits that topped Wall Street forecasts. United Airlines stock slipped a little over 1% in premarket trading on Thursday after the carrier trimmed its 2025 profit outlook. United beat second‑quarter forecasts but now sees full‑year profit of $9 to $11 a share, lower than its prior $11.50 to $13.50 goal. Its July‑September outlook falls in line with analyst estimates. Chief Executive Scott Kirby said, “The world is less uncertain today than it was during the first six months of 2025, and that gives us confidence about a strong finish to the year”. United’s stock is down about 9% for the year but up roughly 20% over the past month. 87% of S&P 500 companies beat estimates The wider earnings season has started on a strong note. So far, over 45 members of the S&P 500 have released results, and 87% of them have reported earnings above analysts’ expectations, according to FactSet. Wednesday’s gains on Wall Street came after the president pushed back on reports that he planned to remove Powell from his Fed post. Stocks initially tumbled when a White House official suggested that Trump “likely will soon” dismiss the Fed chair. The Dow fell over 260 points at its lowest level. The New York Times said Trump even wrote a letter asking Powell to resign and planned to show it to House Republicans. Stocks bounced back after Trump said he was “not…
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