Invesco QQQ Trust, Series 1 (NASDAQ: QQQ)

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Invesco QQQ Trust, Series 1

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The Trust holds the Portfolio and cash and is not actively managed by traditional methods, which typically involve effecting changes in the Portfolio on the basis of judgments made relating to economic, financial and market considerations. To maintain the correspondence between the composition and weights of the securities in the Trust and the stocks in the Nasdaq-100 Index, the Trustee adjusts the Securities from time to time to conform to periodic changes in the identity and/or relative weights of Index Securities. The composition and weighting of the securities portion of a Portfolio Deposit are also adjusted to conform to changes in the Index. Changes to the Index are made after the close of the market

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El estratega Michael Kantrowitz comenta el futuro del acuerdo comercial EE. UU.-China y analiza el riesgo de recesión.

Michael Kantrowitz analiza el posible acuerdo comercial EE. UU.-China y el riesgo de recesión

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China estudia la oferta de EE. UU. para revertir aranceles del 145%, en plena crisis económica interna y tensión comercial creciente.

Aranceles a China: EE. UU. ofrece diálogo y espera respuesta del gobierno de Xi Jinping

Antalya,,Turkey,-,December,4,,2024:,Bitcoin,And,Cryptocurrency,Investment

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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La capitalización global del mercado de criptomonedas se sitúa en 2,93 billones de dólares, mostrando una disminución del 1,04% en el último día. El dominio de mercado de Bitcoin actualmente se encuentra en 63,39%, reflejando una leve caída diaria de 0,01%.

Criptomonedas muestran ligera caída y analistas revelan señales alcistas para Bitcoin

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Wall Street traded slightly lower by midday Friday, as investors adopted a wait-and-see stance ahead of a potential trade breakthrough, with high-stakes negotiations between U.S. officials—led by Treasury Secretary Scott Bessent—and Chinese authorities set to <a href="https://www.benzinga.com/topic/tariffs">unfold over the weekend.</a>
President Donald Trump signaled that tariffs on Chinese goods could be slashed from the current 145% to 80%, though that figure remains significantly higher than pre-Liberation Day levels, prompting continued caution among market participants.
Equities gave back a portion of Thursday's gains as sentiment turned more defensive, while gold rebounded 1% to $3,330 per ounce, partially offsetting losses from the previous session.
Oil prices extended their rally, climbing further above $60 a barrel amid an improved global demand outlook, putting crude on track for its strongest weekly performance since late 2024. Natural gas followed suit, with Henry Hub futures rising 4.4%.
In fixed income, Treasury yields held steady, with the 10-year yield hovering around 4.37%.
Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) took a breather after Thursday's 6.4% surge, trading just above $102,500.
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg %</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,650.98</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,003.04</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,017.97</td>
<td>-0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>41,179.33</td>
<td>-0.5%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 1:10 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul class="wp-block-list">
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.2% lower to $563.80.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) eased 0.4% to $412.10.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;eased 0.2% to $487.38.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) inched 0.3% lower to $200.54.</li>
<li>The&nbsp;Energy&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 0.9%; the&nbsp;Consumer Staples&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) lagged, down 0.5%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
Stocks reacting to earnings reports included: 
<ul class="wp-block-list">
<li>McKesson Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>) up 0.48%</li>
<li>Monster Beverage Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) up 2.02%</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) down 2.28%</li>
<li>TKO Group Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKO#NYSE">TKO</a>) down 4.10%</li>
<li>Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) up 10.44%</li>
<li>LPL Financial Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPLA#NASDAQ">LPLA</a>) up 5.83%</li>
<li>Ubiquiti Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UI#NYSE">UI</a>) up 14.64%</li>
<li>Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) down 2.32%</li>
<li>Insulet Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PODD#NASDAQ">PODD</a>) up 20.81%</li>
<li>Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) down 7.75%</li>
<li>Alliant Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNT#NASDAQ">LNT</a>) up 1.29%</li>
<li>Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) down 7.90%</li>
<li>EchoStar Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) up 2.77%</li>
<li>Starwood Property Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STWD#NYSE">STWD</a>) up 0.29%</li>
<li>Essent Group Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) down 1.45%</li>
</ul>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/government/regulations/25/05/45317301/5-treasury-yields-could-force-trump-to-slash-tariffs-in-q2-says-bofas-hartnett">5% Treasury Yields Could Force Trump To Slash Tariffs In Q2, Says BofA&#8217;s Hartnett </a></li>
</ul>
Photo: Shutterstock

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AKAM

COIN

ESNT

EXPE

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MCHP

MNST

PODD

SATS

STWD

Select Sector SPDR-Consumer Discretionary

Stocks Slip As Gold Rebounds To $3,330, Bitcoin Holds $102,000: What's Driving Markets Friday?

SoundHound AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>), a leader in voice artificial intelligence solutions, showcased significant year-over-year growth driven by its advanced Polaris foundation model, strategic acquisitions and a record-breaking pipeline despite missing the revenue estimates.
What Happened: According to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>, SoundHound&#8217;s first-quarter revenue grew by 151% to $29.1 million, but missed the consensus estimate of $30.38 million.
CEO Keyvan Mohajer emphasized the strong underlying performance and the success of the company&#8217;s investments.
A key driver of this growth is the company&#8217;s proprietary multimodal, multilingual foundation model, Polaris, which reported lower latency, higher accuracy in noisy environments, better word error rate, and extensive language support.
&#8220;We&#8217;ve been investing in Polaris, our multimodal, multilingual foundation model, and it has proven to be a real differentiator against our closest peers,&#8221; he explained.
The company also credited its strategic acquisitions of SYNQ3, Amelia, and Allset for contributing to its strong performance and expanding market reach. 
SoundHound&#8217;s voice commerce initiative attracted interest from major automotive OEMs and restaurant chains. Mohajer noted the unprecedented speed at which OEMs are pursuing proof-of-concepts for this solution.
CFO Nitesh Sharan reaffirmed the company&#8217;s 2025 revenue guidance of $157 to $177 million, despite a $2 million adverse impact from a customer&#8217;s change of control. He also highlighted the increasing diversification of revenue streams across verticals, including automotive, restaurants, financial services, and healthcare.
Looking ahead, SoundHound emphasized its record pipeline, fueled by increasing demand for its advanced voice AI solutions and the growing recognition of its technological differentiation. &#8220;We have a strong pipeline of new OEMs, and they, along with the restaurants, are very excited about our voice commerce solutions,&#8221; he said. 
See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45310934/tinder-parent-match-group-cuts-13-of-workforce-after-earnings-miss-taps-gen-z-features-like-double-date-to-spark-growth">Tinder Parent Match Group Cuts 13% Of Workforce After Earnings Miss, Taps Gen Z Features Like &#8216;Double Date&#8217; To Spark Growth</a>
Why It Matters: "SoundHound continues to extend its reach and create new possibilities for real-world AI applications. The release of our complete AI agent platform delivers full, voice-enabled Agentic AI for customers across all industries," said Mohajer, co-founder and CEO of SoundHound AI.
SOUN shares were lower by 51.69% on a year-to-date basis and 105.05% over a year. On Thursday, the shares closed 6.22% higher and it was 1.54% lower in premarket on Friday.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, mixed in premarket on Friday. The SPY was up 0.28% at $566.69, while the QQQ declined 0.075% to $488.29, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Benzinga Edge Stock Rankings shows that SOUN had a weaker price trend over the medium term but a stronger trend over the short and long term. Its momentum ranking was solid at 96.64th percentile, whereas its value ranking was poor at 7.98th percentile; the details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>. 
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/SOUN"><img loading="lazy" decoding="async" width="1024" height="145" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09081422/SOUN-Edge-1024x145.png" alt="" class="wp-image-910038" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09081422/SOUN-Edge-1024x145.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09081422/SOUN-Edge-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09081422/SOUN-Edge-768x109.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09081422/SOUN-Edge.png 1213w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/government/regulations/25/05/45311562/mohamed-el-erian-flags-adverse-implications-for-domestic-industries-as-chinas-exports-rise-8-despite-21-drop-in-us-shipments">Mohamed El-Erian Flags &#8216;Adverse Implications&#8217; For Domestic Industries As China&#8217;s Exports Rise 8% Despite 21% Drop In US Shipments</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

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SOUN

SoundHound AI Is Winning Over Automakers And Restaurants With Its Voice Commerce Push — CEO Says Proprietary Polaris AI Is The Secret Weapon

Billionaire investor and Shark Tank fame Mark Cuban criticized the growing popularity of memecoins and said that it undermines the &#8220;value and utility&#8221; of cryptocurrencies.
What Happened: When asked about President Donald Trump&#8216;s support for cryptocurrency and memecoins, Cuban <a href="https://www.theblock.co/post/353484/mark-cuban-slams-trumps-crypto-ventures-as-bad-example">told</a> the Block that &#8220;Memecoins and gaming TVL sets a bad example to people who want to try to understand the utility and value of crypto.&#8221;
Trump has been personally involved in promoting assets like memecoins via his sons&#8217; ventures and also via Trump Media &amp; Technology Group Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) foray into the space.
The President owns DJT through a trust. Specifically, he transferred his shares in the company to a trust controlled by his son, Donald Trump Jr., to mitigate potential conflicts of interest ahead of his swearing-in ceremony.
However, Cuban was supportive of Trump&#8217;s efforts to regulate cryptocurrencies at large. &#8220;I&#8217;m glad to see what he has done from a regulatory perspective,&#8221; he said, adding, &#8220;I&#8217;m thrilled to see changes at the SEC. They are long overdue.&#8221;
See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45310934/tinder-parent-match-group-cuts-13-of-workforce-after-earnings-miss-taps-gen-z-features-like-double-date-to-spark-growth">Tinder Parent Match Group Cuts 13% Of Workforce After Earnings Miss, Taps Gen Z Features Like &#8216;Double Date&#8217; To Spark Growth</a>
Why It Matters: A Trump-owned business entity holds a 60% stake in World Liberty and receives 75% of all coin sale revenue. Eric Trump and Donald Trump Jr. are involved in management, while Zachary Folkman, Chase Herro, and Zach Witkoff handle daily operations. &nbsp;
This Trump family-backed platform launched its stablecoin $TRUMP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) in January alongside other digital currencies. The coin has surged 1082.11% since it began trading on Jan. 18.
As of the publication of this article, it was 18.91% at $14.44 per coin.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were slightly higher in premarket on Friday. The SPY was up 0.33% to $566.90, while the QQQ advanced 0.46% to $490.52, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/government/regulations/25/05/45311562/mohamed-el-erian-flags-adverse-implications-for-domestic-industries-as-chinas-exports-rise-8-despite-21-drop-in-us-shipments">Mohamed El-Erian Flags &#8216;Adverse Implications&#8217; For Domestic Industries As China&#8217;s Exports Rise 8% Despite 21% Drop In US Shipments</a></li>
</ul>
Photo Courtesy: Akif CUBUK on Shutterstock.com

Macro Notification

$TRUMP

Mark Cuban Slams Memecoins, Says They Set A 'Bad Example' For New Crypto Investors

U.S. stock futures fluctuated between gains and losses on Friday, following a three-day winning streak. Major benchmark index futures were mixed in premarket trading.
The U.S. and U.K.<a href="https://www.benzinga.com/25/05/45293839/trump-starmer-strike-us-uk-trade-deal-steel-cars-beef"> sealed a bilateral trade deal</a>, cutting tariffs, boosting industrial ties, and securing billions in new market access. 
A central component of the trade agreement involves the U.S. significantly reducing tariffs on cars made in the UK, bringing them down from 25% to 10% and establishing an annual quota of 100,000 vehicles.
The U.K. will eliminate tariffs on American-made cars, including those from General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), and expedite their passage through customs.
Meanwhile, the 10-year Treasury bond yielded 4.37% and the two-year bond was at 3.86%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing an 82.9% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.15%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.07%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.17%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.23%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were slightly higher in premarket on Friday. The SPY was up 0.004% to $565.08, while the QQQ advanced 0.17% to $489.10, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
Industrials, consumer discretionary, and energy sectors led a<a href="https://www.benzinga.com/news/earnings/25/05/45311238/dow-surges-250-points-after-us-announces-first-trade-deal-investor-sentiment-improves-fear-greed-index-remains-in-greed-zone"> broad market rally on Thursday</a>, propelling U.S. stocks higher. The Dow Jones was bolstered by the Donald Trump administration&#8217;s inaugural major trade agreement with the United Kingdom.
However, the health care and utilities sectors diverged from the positive trend, closing lower.
On the company-specific front, U.S. Foods Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USFD#NYSE">USFD</a>) reported first-quarter earnings that fell short of expectations, while Sezzle Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEZL#NASDAQ">SEZL</a>) shares surged by 42% following the company&#8217;s release of better-than-anticipated first-quarter results and an upward revision of its FY25 guidance.
In terms of economic data, U.S. initial jobless claims saw a decline, dropping by 13,000 to 228,000 for the week ending May 3, slightly below market projections. 1 Conversely, U.S. labor productivity in the nonfarm business sector experienced a 0.8% decrease during the first quarter, slightly exceeding the estimated 0.7% drop.
The Dow Jones index advanced 255 points or 0.62% to 41,368.45, whereas the S&amp;P 500 index rose 0.58% to 5,663.94. Nasdaq Composite ended 1.07% higher at 17,928.14, and the small-cap gauge, Russell 2000, climbed 1.85% to 2,026.41.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>1.07%</td>
<td>17,928.14</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.58%</td>
<td>5,663.94</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.62%</td>
<td>41,368.45</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.85%</td>
<td>2,026.41</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
According to Louis Navellier of Navellier &amp; Associates, &#8220;Tariffs are steering the boat again.&#8221;
He said that Trump&#8217;s announcement of the U.S. striking a comprehensive agreement with the U.K. and Scott Bessent&#8217;s announcement of a meeting in Switzerland with China to discuss tariffs are propelling the market.
&#8220;This helps explain the long recovery rally since the Liberation Day announcement of tariffs on April 2nd. The fear of missing out on favorable agreements being reached has limited the number of sellers,&#8221; he said.
He added, &#8220;The upside story will be that the tariff agreements will result in mutually low tariffs, which should be generally beneficial for U.S. exporters, as Trump has contended all along.&#8221;
He also said that Trump announcing a definitive deal with the U.K. is an &#8220;important first step in reducing tariff fears.&#8221;
Meanwhile, Ed Yardeni or Yardeni Research agreed with the sentiment and added, &#8220;President Donald Trump will need to declare victories in his trade wars with multiple countries around the world sooner rather than later.&#8221;
Yardeni also explained that Trump and his fellow Republicans have to avoid a recession caused by his tariff wars. Otherwise, they risk losing their thin majorities in both houses of Congress later in 2026, as per Yardeni.
&#8220;The correction in the S&amp;P 500 that started on February 19 ended on April 8. The S&amp;P 500 now has regained almost all its losses since the April 2 close, just before it tanked during the Annihilation Days on April 3 and April 4,&#8221; he said.
According to Yardeni, the stock market will soon have &#8220;deals fatigue and tire of Trump&#8217;s declarations of victory.&#8221;
&#8220;We think the trade issue will be behind us by July or August. If so, then the focus should be on how much Trump&#8217;s tariff skirmishes weighed on the economy and earnings. We expect both will remain surprisingly resilient,&#8221; he added.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Friday:
<ul class="wp-block-list">
<li>Fed Governor Michael Barr will speak at 5:55 a.m., New York Fed President John Williams will speak at 6:15 a.m., and Fed Governor Adriana Kugler will speak at 6:45 a.m. ET.</li>
</ul>
-Fed Governor Lisa Cook will speak at 6:45 a.m. ET.
<ul class="wp-block-list">
<li>Richmond Fed President Tom Barkin speaks at 8:30 a.m., Fed Governor Christopher Waller and New York Fed President John Williams will speak on a panel at 11:30 a.m. ET.</li>
</ul>
<ul class="wp-block-list">
<li>Fed Governor Michelle Bowman, St. Louis Fed President Alberto Musalem, and Fed Cleveland President Beth Hammack will speak on the panel at 7:45 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>EchoStar Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) fell 3.53% in premarket on Friday as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings loss of 88 cents per share on the revenue of $3.87 billion.</li>
</ul>
<ul class="wp-block-list">
<li>Plains All American Pipeline LP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>) was up 1.18% as Wall Street expects it to report earnings of 43 cents per share on revenue of $14.26 billion before the opening bell.</li>
</ul>
<ul class="wp-block-list">
<li>LYFT Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) jumped 7.31% after reporting better-than-expected earnings for the first quarter and announcing a $750 million share buyback plan.</li>
</ul>
<ul class="wp-block-list">
<li>Sensata Technologies Holding PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) rose 9.13% after reporting better-than-expected first-quarter financial results and issuing strong guidance for the second quarter.</li>
</ul>
<ul class="wp-block-list">
<li>Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) dropped 1.26% after reporting worse-than-expected first-quarter financial results. Coinbase reported first-quarter total revenue of $2.03 billion, missing a Street consensus estimate of $2.12 billion.</li>
</ul>
<ul class="wp-block-list">
<li>Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) was 2.20% higher after its April sales surged on the back of rushed orders following the levy of U.S. tariffs.</li>
</ul>
<ul class="wp-block-list">
<li>Twin Vee Powercats Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEE#NASDAQ">VEEE</a>) plunged 37.85% after it announced the fundraise of $3 million by pricing its public offering of 750,000 shares of common stock at $4.00 per share.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 1.59% to hover around $60.86 per barrel.
Gold Spot US Dollar rose 0.65% to hover around $3,327.68 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was lower by 0.26% at the 100.3830 level.
Asian markets were mixed on Friday as India's S&amp;P BSE Sensex, South Korea's Kospi, and China&#8217;s CSI 300 index fell. While Japan's Nikkei 225, Australia's ASX 200, and Hong Kong's Hang Seng index rose. European markets were higher in early trade.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45310899/quantum-computing-aids-energy-efficiency-for-blockchain-hashing-require-a-fraction-of-the-electricity-used-by-classical-resources-says-d-wave-ceo">Quantum Computing Aids Energy Efficiency For Blockchain Hashing: &#8216;Require A Fraction Of The Electricity Used By Classical Resources,&#8217; Says D-Wave CEO </a></li>
</ul>
Image via Shutterstock

Eurozone

Forex

Treasuries

Federal Reserve

Pre-Market Outlook

Analyst Ratings

LYFT

SEZL

USFD

VEEE

US Stock Futures Flicker Between Gains And Losses After Strong Three-Day Run: 'Tariffs Are Steering The Boat Again,' Says Expert

Prominent economist Mohamed A. El-Erian has highlighted potential &#8220;adverse implications&#8221; for domestic industries following a surprisingly strong surge in China&#8217;s exports for April. In a post on X, El-Erian noted that China&#8217;s exports jumped by 8% in April, significantly exceeding the consensus forecast of 2%.
What Happened: This robust growth occurred even as China experienced a substantial 21% drop in sales to the United States, a key trading partner. El-Erian&#8217;s analysis suggests that this export surge is being fueled by China&#8217;s strategic redirection of its goods to other countries.
&#8220;This surge comes as China redirects more of its exports to other countries, which is likely to exacerbate concerns about the adverse implications for certain domestic industries,&#8221; El-Erian stated in his X post.
El-Erian&#8217;s commentary points out that Chinese goods are entering new markets, as they navigate reduced demand from the U.S. According to him, this could put significant pressure on local producers.
This is likely to lead to increased competition, potentially impacting pricing, market share, and the overall viability of certain domestic industries.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">China's exports surged by 8% in April, above the consensus forecast of 2% and despite a 21% drop in sales to the US. This surge comes as China redirects more of its exports to other countries, which is likely to exacerbate concerns about the adverse implications for certain…
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1920732107678110056?ref_src=twsrc%5Etfw">May 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45251508/warren-buffett-falls-behind-nancy-pelosi-in-stock-market-returns-over-the-last-11-years-heres-what-data-shows">Warren Buffett Falls Behind Nancy Pelosi In Stock Market Returns Over The Last 11 Years: Here&#8217;s What Data Shows</a>
Why It Matters: The redirection of Chinese exports is likely a consequence of ongoing trade tensions and geopolitical factors influencing the relationship between China and the United States.
As the U.S. seeks to reduce its reliance on Chinese goods in certain sectors, China appears to be actively seeking and expanding its trade relationships with other nations.
However, the U.S. and China agreed to hold <a href="https://www.benzinga.com/25/05/45242461/donald-trumps-trade-war-sparks-first-major-us-china-talks-scott-bessent-jamieson-greer-to-meet-chinese-delegation-in-geneva">high-level trade talks</a> in Switzerland this weekend, their first major meeting since President Donald Trump initiated the trade war. The meeting comes amid growing U.S. market concerns over tariff impacts. 
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose on Thursday. The SPY ended 0.70% higher at $565.06, while the QQQ advanced 1.03% to $488.29, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Friday, the futures of the S&amp;P 500, Dow Jones, and Nasdaq 100 advanced during the trade.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/government/regulations/25/05/45283497/federal-reserve-will-be-the-last-to-cut-says-expert-anticipating-4-cuts-in-2025-a-thaw-in-us-china-trade-dispute-is-good-news">Federal Reserve &#8216;Will Be The Last To Cut&#8217; Rates, Says Expert Who Still Expects Four Cuts In 2025</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

Mohamed El-Erian Flags 'Adverse Implications' For Domestic Industries As China's Exports Rise 8% Despite 21% Drop In US Shipments

Dating app giant Tinder, Hinge, and Match.com&#8217;s parent company, Match Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>), missed estimates but announced restructuring plans spearheaded by new CEO Spencer Rascoff during its first quarter earnings call.
What Happened: Rascoff unveiled a strategy focused on unifying the company&#8217;s diverse portfolio of brands, integrating artificial intelligence across its platforms, and prioritizing product innovation to spur growth.
However, layoffs were also the primary part of the company&#8217;s plan.
&#8220;We&#8217;ve also taken some hard, but appropriate steps today to sharpen our focus, including a planned 13% reduction of our workforce, as well as closing a number of open roles and further tightening operating expenses,&#8221; he said.
He explained that the deep integration of artificial intelligence with Tinder aimed at attracting a younger, Gen Z audience. These include &#8220;Double Date,&#8221; allowing users to pair up with friends, and &#8220;The Game Game,&#8221; a voice-based experience using AI for flirting practice.
Rascoff highlighted that Hinge continues to be a strong performer in the &#8220;intentioned dating&#8221; category.
The app saw a 23% year-over-year increase in direct revenue, driven by user growth and the successful launch of an AI-powered recommendation algorithm that has boosted matches and contact exchanges.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45251508/warren-buffett-falls-behind-nancy-pelosi-in-stock-market-returns-over-the-last-11-years-heres-what-data-shows">Warren Buffett Falls Behind Nancy Pelosi In Stock Market Returns Over The Last 11 Years: Here&#8217;s What Data Shows</a>
Why It Matters: While the company&#8217;s <a href="https://www.benzinga.com/25/05/45296499/match-group-stock-falls-after-q1-revenue-decline-and-tinder-weakness-prompt-restructuring-plan">total revenue</a> of $831.2 million slightly surpassed the analyst consensus estimate of $827.5 million, representing a 3% year-over-year decline, its GAAP earnings per share of $0.44 missed the expected $0.45.
The number of paying users also fell by 5% to 14.2 million compared to the same period last year.
Looking ahead, Match Group reaffirmed its full-year 2025 total revenue guidance but noted potential headwinds from macroeconomic conditions and foreign exchange rate volatility.
MTCH shares were lower by 15.76% on a year-to-date basis and 10.17% over a year. On Thursday, the shares closed 9.58% lower.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose on Thursday. The SPY ended 0.70% higher at $565.06, while the QQQ advanced 1.03% to $488.29, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Benzinga Edge Stock Rankings shows that MTCH had a weaker price trend over the short, medium, and long term. Its momentum ranking was weak at 34.53th percentile, whereas its value ranking was poor at 32.16th percentile; the details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/MTCH"><img loading="lazy" decoding="async" width="1024" height="151" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09033019/Edge-MTCH-1024x151.png" alt="" class="wp-image-909640" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09033019/Edge-MTCH-1024x151.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09033019/Edge-MTCH-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09033019/Edge-MTCH-768x114.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09033019/Edge-MTCH.png 1204w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/25/05/45298211/china-could-sell-its-us-holdings-without-having-to-give-in-says-expert-risk-asset-prices-are-trumps">China Could Sell Its US Holdings Without Having To &#8216;Give In,&#8217; Says Expert: &#8216;Risk Asset Prices Are Trump&#8217;s Achilles Heel&#8217; </a></li>
</ul>
Photo by Koshiro K via Shutterstock

MTCH

Tinder Parent Match Group Cuts 13% Of Workforce After Earnings Miss, Taps Gen Z Features Like 'Double Date' To Spark Growth

After posting record earnings on Thursday, D-Wave Quantum Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) management highlighted its progress in enabling energy-efficient measures to enhance blockchain hashing using quantum computing.
What Happened: CEO Alan Baratz highlighted the inference of its recent research paper titled Blockchain with Proof of Quantum Work.
The study showed that quantum computation can be used to generate and validate blockchain hashes. Hashes are unique &#8220;digital fingerprints&#8221; of data, which makes it easy to detect tampering.
The CEO said that &#8220;using quantum computation for hashing and proof of work could potentially require a fraction of the electricity used by classical resources alone and reduce electricity costs by up to a factor of 1000.&#8221;
He explained that blockchain &#8220;security and efficiency&#8221; can be increased by adding quantum to traditional blockchain computation.
&#8220;D-Wave scientists deployed the blockchain architecture across four of its cloud-based annealing quantum computers in Canada and the United States, performing distributed quantum computing for the first time,&#8221; he said during the earnings call.
Baratz said that D-Wave was eyeing &#8220;potential partnerships&#8221; after being approached by interested &#8220;blockchain-focused organizations.&#8221;
See Also: <a href="https://www.benzinga.com/government/regulations/25/05/45283497/federal-reserve-will-be-the-last-to-cut-says-expert-anticipating-4-cuts-in-2025-a-thaw-in-us-china-trade-dispute-is-good-news">Federal Reserve &#8216;Will Be The Last To Cut&#8217; Rates, Says Expert Who Still Expects Four Cuts In 2025</a>
Why It Matters: Its <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45294899/d-wave-quantum-stock-is-soaring-thursday-whats-going-on">first quarter</a> saw a more than sixfold increase in the company&#8217;s revenue of $15 million on a year-over-year basis.
Revenue surged on the back of the sale of its Advantage quantum computer to a key research center and wider use of its hybrid offerings.
It reported a loss of 2 cents per share, beating estimates for a loss of 7 cents per share, according to Benzinga Pro. The gross margin zoomed by 92% in the said quarter, with a gross profit of $13.9 million.
QBTS shares were up by 8.43% on a year-to-date basis and 695.42% over a year. On Thursday, the shares closed 51.23% higher.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose on Thursday. The SPY ended 0.70% higher at $565.06, while the QQQ advanced 1.03% to $488.29, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Benzinga Edge Stock Rankings shows that QBTS had a weaker price trend over the short term but a strong price trend across the medium and long term. Its momentum ranking was solid at 99.70th percentile, whereas its value ranking was very poor at 3.12th percentile; the details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>. 
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/QBTS"><img loading="lazy" decoding="async" width="1024" height="147" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09024246/QBTS-edge-1024x147.png" alt="" class="wp-image-909554" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09024246/QBTS-edge-1024x147.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09024246/QBTS-edge-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09024246/QBTS-edge-768x111.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09024246/QBTS-edge.png 1215w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/05/45251508/warren-buffett-falls-behind-nancy-pelosi-in-stock-market-returns-over-the-last-11-years-heres-what-data-shows">Warren Buffett Falls Behind Nancy Pelosi In Stock Market Returns Over The Last 11 Years: Here&#8217;s What Data Shows </a></li>
</ul>
Image Credit: A9 STUDIO/Shutterstock

QBTS

Quantum Computing Aids Energy Efficiency For Blockchain Hashing: 'Require A Fraction Of The Electricity Used By Classical Resources,' Says D-Wave CEO

The Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which follows the Nasdaq 100 Index, jumped 1.2% Thursday as a combination of political and economic events lifted investor mood and stoked interest in megacap tech stocks again. The Nasdaq 100 rose by almost 2%, supporting QQQ in beating <a href="https://www.benzinga.com/etfs">broad-market peers</a> on a day characterized by increased demand for risk assets.
QQQ Vs. ONEQ
The Invesco QQQ ETF continues to be a popular vehicle for those looking for concentrated exposure to the largest growth and non-financial technology stocks in the U.S., such as heavyweights Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). Famous for its tech-heavy bias and high liquidity, QQQ tends to rise with market enthusiasm around innovation, deregulation and macroeconomic catalysts.
A similar fund, the Fidelity Nasdaq Composite Index ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONEQ#NASDAQ">ONEQ</a>), provides more coverage by tracking the entire Nasdaq Composite Index, including more than 3,000 stocks of a wider group of sectors and market caps. While QQQ tends to be more volatile because of its concentration on megacap tech, ONEQ, which also rose more than 1% on Thursday, provides more diversified exposure, possibly ironing out performance through sector-specific dips. Both ETFs gauge investor attitudes toward growth and technology, but QQQ is still the more aggressive bet for investors betting large on the tech industry&#8217;s upside.
Also Read: <a href="https://www.benzinga.com/etfs/sector-etfs/25/05/45299690/oil-etfs-heat-up-as-opec-pump-up-us-uk-trade-deal-china-talks-fuel-rally">Oil ETFs Heat Up As OPEC+ Pump-Up, US-UK Trade Deal, China Talks Fuel Rally</a>
What Drove QQQ Today?
A focal point in Thursday&#8217;s upsurge was the declaration of the <a href="https://www.benzinga.com/25/05/45294428/wall-street-rallies-after-us-seals-first-trade-deal-you-better-go-out-and-buy-stock-trump-says">U.S.-U.K. trade agreement</a>, which, while symbolic in parts, signaled markets that geopolitical relationships could be stabilizing. The agreement includes lowering tariffs on vehicles produced in the UK and British counter purchases of U.S. products, including Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) planes. Although important tariff levels, in particular a 10% across-the-board levy, are untouched, investors saw the news as a move in the direction of wider global coordination.
Moreover, the impending talks with China scheduled for May 10 are also keeping hopes up.
Meanwhile, markets cheered initially on news the Trump administration would roll back <a href="https://www.benzinga.com/news/global/25/05/45269811/chip-stocks-rise-as-trump-reportedly-plans-to-roll-back-biden-era-ai-export-curbs">Biden-era restrictions on AI chip exports</a>. The likelihood of a rollback sent semiconductor shares, such as Nvidia, AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), showing afternoon gains of over 1%. Because the Nasdaq-100 index is heavily invested in the semiconductor space, QQQ directly took advantage of the rally. The hope of reduced AI chip sales restrictions eased concerns over a deceleration in global semiconductor demand, one of the index&#8217;s major growth pillars.
Federal Reserve Chairman Jerome Powell moderated some of the euphoria with a warning note, cautioning that an imbalanced tariff policy could increase inflationary pressures and drag on economic growth. Nevertheless, risk-on sentiment dominated after Trump&#8217;s declaration that the U.S. economy is ready for &#8220;the biggest tax cuts in history&#8221; and his firm urging investors to &#8220;go out and buy stock.&#8221;
Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), another QQQ heavyweight, gained 2% after the company addressed fears of waning search queries on Apple platforms—a clarification that regained some lost ground in the previous session&#8217;s 7% decline.
These advances combined renewed faith in U.S. technology stocks and validated the QQQ ETF&#8217;s role as a barometer of optimism in the market for innovation, deregulation, and growth-oriented policy realignments. Amidst investors scrutinizing headlines that spanned from geopolitics to generative AI, QQQ became an investors&#8217; go-to vehicle for beta exposure in a tech-fueled bounce-back — cementing its place not only as a passive index fund tracker but also as a sentiment litmus test for the direction of U.S. innovation.
Read Next: 
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<li><a href="https://www.benzinga.com/general/health-care/25/05/45293109/are-your-health-care-etfs-safe-trumps-new-policies-may-trigger-shockwaves-across-pharma-stock">Are Your Health Care ETFs Safe? Trump&#8217;s New Policies May Trigger Shockwaves Across Pharma Stocks</a></li>
</ul>

AVGO

GOOGL

NVDA

Fidelity NASDAQmposite Index Fund ETF-Tracking NASDAQmposite Index

ONEQ

Trump Talks Tariffs, Tech Stocks Gain As QQQ Leads The Charge

U.S. stocks rallied Thursday after the Trump administration signed its first major trade agreement with the United Kingdom, igniting optimism about further global deals — especially with China — and lifting investor <a href="https://www.benzinga.com/markets">appetite for riskier assets.</a>
The S&amp;P 500 jumped 1.3% to close at 5,700, led by gains in technology stocks. The Russell 2000 soared 2.1%, outperforming larger-cap counterparts and fully recovering the losses triggered by the April 2 tariff announcement.
Under the deal, the U.S. slashed tariffs on UK-made vehicles from 25% to 10%, granting British carmakers a 100,000-vehicle quota. In return, the UK reduced tariffs on American beef to near-zero levels and pledged to purchase $10 billion worth of Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) aircraft. Trump confirmed that the 10% tariff would remain the baseline for now, though he suggested other nations with large trade surpluses should expect higher rates.
During a press briefing, Trump hinted at the &#8220;biggest tax cuts in history&#8221; and urged investors to act: "You better go out and buy stock. This country will be like a rocket ship," he said.
The president also responded to Federal Reserve Chair Jerome Powell, who noted a day earlier he hadn't been invited to meet with Trump. "I could call him from a meeting, but it's like talking to a wall," Trump said. 
"He's always too late [in cutting interest rates]. But in this case, it's not going to matter that much because our country is so strong."
Markets reflected that strength. The U.S. dollar rallied sharply as the new trade deal and reduced economic uncertainty boosted confidence. The U.S. Dollar Index (DXY) jumped to its highest level since April 11, climbing over 1% against the Japanese yen.
Treasury yields rose across the curve, with the 10-year yield adding 7 basis points to reach 4.34%.
In commodities, gold prices dropped as investors rotated out of safe havens. The SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) fell 1.5%, trimming its weekly gains. Oil prices rose 3.5%, with West Texas Intermediate crude topping $60 per barrel.
Crypto markets erupted higher. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) broke above $100,000 for the first time since February, rising 4.1%. Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) surged 13%, while Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) gained 10%.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % Chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,030.85</td>
<td>+2.1%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,218.21</td>
<td>+1.8%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>41,683.40</td>
<td>+1.4%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,707.58</td>
<td>+1.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 12:10 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rallied 1.4% to $569.13.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 1.4% to $416.94.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rallied 1.8% to $491.78.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) soared 2.2% to $201.78.</li>
<li>The&nbsp;Energy&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 2.5%; the&nbsp;Health Care&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) lagged, down 0.4%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
Stocks reacting to earnings reports included: 
<ul>
<li>Fortinet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) down 9.5%</li>
<li>Axon Enterprise Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) down 0.6%</li>
<li>Corteva Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTVA#NYSE">CTVA</a>) up 6.2%</li>
<li>Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) up 6.3%</li>
<li>Texas Pacific Land Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>) up 1.5%</li>
<li>Atmos Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATO#NYSE">ATO</a>) up 0.6%</li>
<li>Fidelity National Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>) down 7.0%</li>
<li>Western Gas Partners LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WES#NYSE">WES</a>) up 2.9%</li>
<li>Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) down 1.85%</li>
<li>ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) up 4.30%</li>
<li>Canadian Natural Resources Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) up 4.93%</li>
<li>Cheniere Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNG#NYSE">LNG</a>) up 0.79%</li>
<li>Sempra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRE#NYSE">SRE</a>) up 0.83%</li>
<li>Cenovus Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) up 8.87%</li>
<li>Tapestry, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>) up 4.26%</li>
<li>Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) down 3.44%</li>
<li>Lincoln National Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNC#NYSE">LNC</a>) down 0.60%</li>
<li>PENN Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>) up 1.64%</li>
<li>Hanesbrands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBI#NYSE">HBI</a>) up 5.21%</li>
<li>Spectrum Brands Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPB#NYSE">SPB</a>) up 3.81%</li>
<li>Global Partners LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLP#NYSE">GLP</a>) down 2.15%</li>
<li>NCR Voyix Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VYX#NYSE">VYX</a>) up 15.14%</li>
<li>Owens &amp; Minor, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMI#NYSE">OMI</a>) down 7.16%</li>
</ul>
Stocks slated to report earnings after the close include Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>), Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>), McKesson Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>), and News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>).
Read now: 
<ul>
<li><a href="https://www.benzinga.com/politics/25/05/45293839/trump-starmer-strike-us-uk-trade-deal-steel-cars-beef">Trump, Starmer Strike US-UK Trade Deal: Steel, Cars, Beef At Center Of Pact</a></li>
</ul>

Mid Cap

Sector ETFs

Bonds

Econ #s

Tech

AXON

CTVA

FTNT

NWSA

PENN

SHOP

Wall Street Rallies After US Seals First Trade Deal: 'You Better Go Out And Buy Stock,' Trump Says

Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Wall Street&#8217;s AI poster child and heart of the generative tech revolution, may have just experienced a voltage dip. The company&#8217;s largest growth driver, its <a href="https://www.benzinga.com/topic/nvidia">data center revenue</a>, is reportedly heading for a $9.8 billion-sized pothole should capital spending grind to a halt and Chinese demand continue to flatline, according to a new note from Piper Sandler.
Analyst Harsh Kumar cautioned that, worst case, around 6.45% of Nvidia&#8217;s data center revenue might be in jeopardy, exposed to capex cuts across data center end markets. If that materializes, he expects the share price to drop to $76.25, assuming a 25x multiple. That&#8217;s a far cry from the company&#8217;s reaffirmed $150 price target.
So, what&#8217;s an ETF investor to do when their artificially intelligent knight starts showing signs of rust? Here&#8217;s a glance at the <a href="https://www.benzinga.com/etfs">funds that might mitigate the pain</a>, or grab the opportunity.
Also Read: <a href="https://www.benzinga.com/etfs/specialty-etfs/25/04/44854262/chipwrecked-nvidias-export-ban-triggers-etf-meltdown-and-one-big-winner">Chipwrecked: Nvidia&#8217;s Export Ban Triggers ETF Meltdown (And One Big Winner)</a>
<ol>
<li>Nvidia Sneezes, They Catch A Cold</li>
</ol>
VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) – With more than 20% of its positions in NVDA, SMH is essentially a fan club. Wonderful during an AI bubble; dangerous when storms brew.
iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) – Likewise Nvidia-heavy at about 8–10% exposure, it&#8217;s a diversified play but still has significant downside risk if the GPU king falls.
Direxion Daily NVDA Bull 1.5X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDU#NASDAQ">NVDU</a>) – For those who prefer their risk leveraged and their stomachs iron-clad.
The bottom line is that these are high-octane plays—gorgeous on the way up, but can&#8217;t wait for a seatbelt on the way down.
<ol start="2">
<li>The Gentle Gliders</li>
</ol>
ROBO Global Robotics and Automation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROBO#NYSE">ROBO</a>) – Holds Nvidia, sure, but also a global buffet of robotics, automation, and industrial AI plays.
Global X Robotics &amp; Artificial Intelligence ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOTZ#NASDAQ">BOTZ</a>) – Nvidia&#8217;s in there, but BOTZ offers more geographic diversification.
WisdomTree Artificial Intelligence and Innovation Fund (BATS:<a class="ticker" href="https://www.benzinga.com/stock/WTAI#BATS">WTAI</a>) – A thematic newcomer that bets on AI's long-term arc without going all-in on Nvidia.
<ol start="3">
<li>Safety First: Dividend &amp; Low-Volatility Tech Funds</li>
</ol>
First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDIV#NASDAQ">TDIV</a>) – Taps income-tech with light exposure to Nvidia.
Invesco S&amp;P 500 Low Volatility ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPLV#NYSE">SPLV</a>) – Not tech-narrow, but defensive sanctuary should markets turn down.
Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) – Still owns Nvidia, but watered down by a who&#8217;s-who of mega-cap tech; more of a tech index security blanket.
<ol start="4">
<li>The Contrarians: Betting on a Burnout</li>
</ol>
Direxion Daily Semiconductor Bear 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXS#NYSE">SOXS</a>) – Triple-leveraged short exposure to semis. Not for the faint of heart or long-term holders.
AXS Short Innovation Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SARK#NASDAQ">SARK</a>) – Playing against the ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>), which typically reflects sentiment across names such as Nvidia, Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), etc.
Caveat emptor: These aren&#8217;t hedges; they&#8217;re tactical nukes. It&#8217;s wise to assess your risk appetite before investing.
Also Read: <a href="https://www.benzinga.com/tech/25/05/45235394/nvidia-broadcom-lead-fund-manager-buys-even-as-semiconductor-sector-cools-analysts">Nvidia, Broadcom Lead Fund Manager Buys Even As Semiconductor Sector Cools: Analysts</a>
The Bigger Picture
Piper Sandler issued a cautionary note, but they remain bullish on Nvidia in the long run, reiterating its Overweight rating. The firm is still the unchallenged leader in AI infrastructure, with increasing sales of its Blackwell AI supercomputers and a strong lead in GPU-based AI acceleration.
However, future Q1 earnings and trade headwinds, particularly new U.S. export controls on AI chips, may test investors&#8217; conviction.
Nvidia will report Q1 in late May, with the Street looking for EPS of $0.89 (a 45% YoY increase) and revenue of $43 billion (a 65% gain), according to Forbes. If these figures hold or even beat to the upside, current pessimism could prove short-lived.
Final Byte
For ETF investors, the Nvidia wobble is not a cause for alarm. It&#8217;s a reminder to examine exposure, diversify carefully and perhaps have a few hedges up one&#8217;s sleeve. As with everything AI, the future is rosy but perhaps best seen through a slightly risk-adjusted pair of glasses.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/05/45235676/exclusive-expert-explains-how-this-gold-etf-lets-you-physically-hold-your-wealth-and-why-investors-are-quietly-rushing-in">Exclusive: Expert Explains How This Gold ETF Lets You Physically Hold Your Wealth And Why Investors Are Quietly Rushing In</a></li>
</ul>
Photo: Shutterstock

ARKK

BOTZ

NVDU

ROBO

SARK

Direxion Daily Semiconductor Bear 3X Shares

SOXS

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

PowerShares S&P 500 Low Volatility Portfolio

SPLV

TDIV

TSLA

WisdomTree Trust WisdomTree Artificial Intelligence and Innovation Fund

WTAI

Alarm Bells For Nvidia As $9.8 Billion Blow Threatens A Crash: ETFs With Most Risk Or Opportunity

WIIM

Major indexes are higher amid President Trump's US-UK trade framework.

Despite mounting pressure and calls for lower interest rates, the Federal Reserve held rates steady at 4.25%-4.5% on Wednesday. This analyst anticipates that the Fed would be among the last central banks to cut interest rates, while still expecting four cuts this year.
What Happened: The Chairman and Founder of Navellier &amp; Associates, Louis Navellier, said that &#8220;Other central banks like the Bank of England and the European Central Bank are going to continue to cut rates, so we are still in the midst of a global interest rate collapse.&#8221;
This comes as the Bank of England cut its interest rates to 4.25% as widely expected by the market, on Thursday.
According to him, with other central banks cutting their interest rates, &#8220;money will slosh back to America because our rates will be higher than everybody else&#8217;s.&#8221;
&#8220;Our Fed will be the last to cut, but I&#8217;m still in the camp that they should cut four times this year,&#8221; he said.
Navellier also highlighted a positive development in the ongoing U.S.-China trade tensions. He pointed out that China has recently exempted 131 U.S. goods from tariffs, representing approximately $40 billion in trade.
This, according to Navellier, is a &#8220;thaw&#8221; in the trade dispute, a sentiment backed by the upcoming meeting between U.S. Treasury Secretary Scott Bessent and Chinese trade negotiators this weekend in Switzerland.
&#8220;We do have tariffs on autos and reciprocal tariffs against other countries, but the irony is that most reciprocal tariffs are not expected to be enacted, since most countries will be lowering their respective trade barriers and promising to buy U.S. goods,&#8221; he said.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45251508/warren-buffett-falls-behind-nancy-pelosi-in-stock-market-returns-over-the-last-11-years-heres-what-data-shows">Warren Buffett Falls Behind Nancy Pelosi In Stock Market Returns Over The Last 11 Years: Here&#8217;s What Data Shows</a>
Why It Matters: Echoing concerns about a potential economic slowdown, Mohamed A. El-Erian, another prominent economist, noted on X that the Federal Reserve&#8217;s statement signaled a &#8220;higher probability of a stagflationary wind,&#8221; indicating a greater risk of both higher inflation and higher unemployment.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">As expected, the Federal Reserve left interest rates unchanged and signaled the higher probability of a stagflationary wind (that is, a greater risk of higher inflation and higher unemployment). Attention now turns to Chair Powell's press conference.<a href="https://t.co/TbPpw8GeJf">https://t.co/TbPpw8GeJf</a>…
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1920178852820889684?ref_src=twsrc%5Etfw">May 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Meanwhile, on stagflation, Ed Yardeni from Yardeni Research said, &#8220;We reckoned that the economy would remain resilient. We still think so, but Trump&#8217;s Tariff Turmoil (TTT) is stress-testing the resilience of the economy. It will probably slow economic growth and boost inflation. A short bout of stagflation is likely.&#8221;
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Thursday. The SPY was up 1.00% to $566.78, while the QQQ advanced 1.31% to $489.61, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
After Wednesday, the S&amp;P 500 index was out of the correction zone, just down 8.34% from its record high of 6,147.43 points, scaled on Feb. 19. Dow Jones was 8.78% lower than its 52-week high of 45,073.63 points, and Nasdaq 100 was 10.6% lower than its previous high of 22,222.61 points.
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/05/45280178/beyond-meat-shelves-full-year-outlook-after-7m-hit-ceo-warns-of-unforeseen-economic-headwinds-but-downplays-tariff-threat">Beyond Meat Shelves Full-Year Outlook After $7M Hit — CEO Warns Of &#8216;Unforeseen&#8217; Economic Headwinds, But Downplays Tariff Threat</a></li>
</ul>
Image Via Shutterstock

Analyst Color

Federal Reserve 'Will Be The Last To Cut' Rates, Says Expert Who Still Expects Four Cuts In 2025

Beyond Meat Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) missed analyst expectations in the first quarter of the ongoing fiscal year and withdrew its full-year revenue guidance, citing the ongoing economic uncertainties. However, the CEO forecasted a &#8220;relatively minimal&#8221; tariff impact on the firm.
What Happened: The plant-based meat company withdrew its full-year guidance and limited its revised outlook to the second quarter net revenue expectations only.
&#8220;As with many other companies, we are experiencing an elevated level of uncertainty in our operating environment as a result of the uncertain and volatile macroeconomic conditions, which could have unforeseen impacts on our actual realized results,&#8221; said the CEO, Lubi Kutua.
Meanwhile, while addressing tariff impact questions from the analysts during its earnings call, Kutua said, &#8220;We&#8217;ve done some analysis to try to understand what the implications might be. Look, there&#8217;s no guarantees, but I think at this point, we think the direct impact on our business is relatively minimal.&#8221;
The company incurred extraordinary or transient expenses worth $7 million during the first quarter, which included expenses related to the suspension of its operational activities in China.
&#8220;Gross profit and gross margin included approximately $5.2 million of extraordinary charges related to specific strategic inventory reduction initiatives and expenses related to the suspension of our operational activities in China,&#8221; said the CEO.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45278334/sp-500-chart-indicates-adding-long-positions-as-expert-says-market-has-found-its-balance">S&amp;P 500 Chart Indicates Adding &#8216;Long&#8217; Positions As Expert Says &#8216;Market Has Found Its Balance&#8217;</a>
Why It Matters: <a href="https://www.benzinga.com/news/earnings/25/05/45269814/beyond-meat-reports-disappointing-q1-results-issues-soft-guidance-following-slowdown-in-consumption-shares-slide">Beyond Meat reported</a> revenue of $68.73 million, which fell short of the estimated $75.01 million, after the market closed on Wednesday. The company also reported an adjusted loss of 67 cents per share, exceeding the anticipated loss of 48 cents. 
At the close of the first quarter, Beyond Meat held $115.8 million in cash, cash equivalents, and restricted cash, while its total outstanding debt stood at $1.1 billion.
Beyond Meat expects second-quarter net revenue to be in the range of $80 million to $85 million versus estimates of $93.47 million, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. 
BYND shares have fallen by 34.03% on a year-to-date basis and 69.06% over a year. On Wednesday, the shares ended at $2.54 apiece and dropped by 4.72% in after-hours. Meanwhile, the Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), tracking the Nasdaq 100 index, rose 0.39% in the same session. The stock was 1.97% lower in premarket on Thursday. 
Benzinga Edge Stock Rankings shows that BYND had a weaker price trend over the short, medium, and long term. Its momentum ranking was weaker at 5.12th percentile, whereas its value ranking was also poor at 32.41th percentile; the details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>. 
<figure class="wp-block-image size-large"><a href=" https://www.benzinga.com/quote/BYND"><img loading="lazy" decoding="async" width="1024" height="144" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08061132/Beyond-Meat-Edge-1024x144.png" alt="" class="wp-image-907601" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08061132/Beyond-Meat-Edge-1024x144.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08061132/Beyond-Meat-Edge-300x42.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08061132/Beyond-Meat-Edge-768x108.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08061132/Beyond-Meat-Edge.png 1198w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/05/45251508/warren-buffett-falls-behind-nancy-pelosi-in-stock-market-returns-over-the-last-11-years-heres-what-data-shows">Warren Buffett Falls Behind Nancy Pelosi In Stock Market Returns Over The Last 11 Years: Here&#8217;s What Data Shows</a></li>
</ul>
Photo: courtesy of Beyond Meat.

BYND

Beyond Meat Shelves Full-Year Outlook After $7M Hit — CEO Warns Of 'Unforeseen' Economic Headwinds, But Downplays Tariff Threat

U.S. stock futures rose on Thursday after two days of advance on Wednesday. Futures of major benchmark indices were higher in premarket.
This followed the Federal Reserve&#8217;s <a href="https://www.benzinga.com/government/regulations/25/05/45266366/powell-flags-sharp-tariff-shock-elevated-uncertainty-fed-sticks-to-wait-and-see-mode">decision to hold the interest rate</a> steady at 4.25% to 4.5% on Wednesday. 
"The tariff increases announced so far have been significantly larger than anticipated," Fed Chair Jerome Powell said.
He noted that if the tariffs are sustained, they could lead to higher inflation, weaker growth, and a rise in unemployment, directly undermining the Fed&#8217;s dual mandate.
"We don&#8217;t think we need to be in a hurry. We are going to be watching the data. It may move quickly or slowly. But we&#8217;re well-positioned to wait," he said.
Meanwhile, the 10-year Treasury bond yielded 4.31% and the two-year bond was at 3.82%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 79.8% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.72%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.94%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>1.38%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.31%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Thursday. The SPY was up 1.14% to $567.54, while the QQQ advanced 1.51% to $490.61, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
Leading the gains among sectors in the S&amp;P 500 on Wednesday were health care, consumer discretionary, and information technology stocks, as most sectors closed positively.
Bucking this trend were communication services and materials stocks, which finished the session lower.
In company news, Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) reported first-quarter revenue that fell short of expectations, while Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) announced positive fiscal second-quarter 2025 results on Wednesday.
On the economic front, U.S. mortgage application volumes saw an 11% increase from the prior week for the week ending May 2nd.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.27%</td>
<td>17,738.16</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.43%</td>
<td>5,631.28</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.70%</td>
<td>41,113.97</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.33%</td>
<td>1,989.66</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Sharing a<a href="https://www.benzinga.com/general/market-summary/25/05/45278334/sp-500-chart-indicates-adding-long-positions-as-expert-says-market-has-found-its-balance?utm_campaign=Watchlist&amp;utm_source=Benzinga&amp;utm_medium=Email"> 10-year S&amp;P 500 chart</a> on X, Jurrien Timmer, Director of Global Macro at Fidelity Investments, offered a simple yet thought-provoking approach to navigating uncertainty.
He suggested considering whether to take a long or short position based on the index&#8217;s historical performance. Analyzing the technical patterns, Timmer concluded that establishing or increasing &#8220;long&#8221; positions appeared to be the more favorable strategy.
Timmer stated that the S&amp;P 500 appears to have gravitated back to this long-term uptrend line. This convergence, according to Timmer, suggests that the &#8220;market has found its balance.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">At times of uncertainty, I find it useful to pull up a simple chart of the S&amp;P 500 and ask myself: do I want to be long or short this chart? Different people will come up with different answers, but for me the chart below suggests "long." We have a rising uptrend line and a… <a href="https://t.co/DsLOxYz6sn">pic.twitter.com/DsLOxYz6sn</a>
&mdash; Jurrien Timmer (@TimmerFidelity) <a href="https://twitter.com/TimmerFidelity/status/1920148872690532867?ref_src=twsrc%5Etfw">May 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Scott Wren, the senior global market strategist at Wells Fargo, stated in his weekly note that &#8220;Further near-term upside in the S&amp;P 500 Index is likely limited, and we expect to see more downside volatility before the tariff uncertainties are resolved.&#8221;
According to Wren, central bankers keep telling us they are "data dependent." That means Chair Powell and the other voting Federal Open Market Committee members need to see the data that tells the Federal Reserve the labor environment is weak and/or inflation readings are coming down consistently.
&#8220;In the meantime, we are looking into 2026 and seeing an economic and earnings recovery. For now, while volatility remains the likely headline, we prefer to focus on quality, like large- and mid-cap U.S. equities, and favor the Energy, Communication Services, Information Technology, and Financials sectors,&#8221; he added.
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Thursday:
<ul>
<li>Initial jobless claims for the week ended May 3 and U.S. productivity data for the first quarter will be released by 8:30 a.m. ET.</li>
</ul>
<ul>
<li>March&#8217;s wholesale inventories data will be out by 10:00 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>US Foods Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USFD#NYSE">USFD</a>) fell 0.17% in premarket on Thursday as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings of 69 cents per share on revenue of $9.38 billion.</li>
<li>ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) was up 1.35% as Wall Street expects it to report earnings of 50 cents per share on revenue of $11.62 billion before the opening bell.</li>
<li>Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) jumped 4.53% as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings of 69 cents per share on revenue of $9.38 billion.</li>
<li>Anheuser-Busch Inbev SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>) rose 2.55% after reporting a 7.9% increase in operating profit for the first quarter, also topping market estimates.</li>
<li>Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) dropped 9.31% after posting a wider-than-expected loss for the first quarter after the closing bell on Wednesday. The company also said it expects full-year 2025 steel unit cost reductions of approximately $50 per net ton compared to the prior year.</li>
<li>Digital Ally Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) jumped 64.49% after it received a positive determination from the Nasdaq Hearings Panel regarding its continued listing on the Nasdaq Stock Market.</li>
<li>Costamare Bulkers Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMDB#NYSE">CMDB</a>) zoomed 40.27%, announced today that it has completed the spin-off of its dry bulk business into a standalone public company, Costamare Bulkers Holdings Ltd.</li>
<li>Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) was 0.82% higher after China Airlines announced an order including Boeing 777X passenger and freighter models.</li>
<li>Asset Entities Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>) skyrocketed 54.57% after it entered into a definitive merger agreement with Strive Asset Management, a subsidiary of Strive Enterprises, Inc.</li>
<li>Beyond Meat Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) declined 2.36% after missing analysts&#8217; expectations during the first quarter.</li>
<li>Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) jumped 4.21% after the company reported better-than-expected results during the first quarter.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 1.10% to hover around $58.71 per barrel.
Gold Spot US Dollar fell 0.77% to hover around $3,338.64 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 0.45% at the 100.0640 level.
Asian markets ended higher on Wednesday except India's S&amp;P BSE Sensex. On the other hand, Japan's Nikkei 225, Australia's ASX 200, China&#8217;s CSI 300, Hong Kong's Hang Seng, and South Korea's Kospi index rose. European markets were mixed in early trade.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/05/45251508/warren-buffett-falls-behind-nancy-pelosi-in-stock-market-returns-over-the-last-11-years-heres-what-data-shows">Warren Buffett Falls Behind Nancy Pelosi In Stock Market Returns Over The Last 11 Years: Here&#8217;s What Data Shows</a></li>
</ul>
Photo courtesy: Shutterstock

Technicals

Trading Ideas

ASST

CMDB

CVNA

DGLY

UBER

US Stocks Likely To Open Higher After Two Days Of Advance: 'Market Has Found Its Balance,' Says Expert Citing S&P 500's Technical Analysis

As the market grapples with uncertainties amid the ongoing policy disruption and tariff battle, Jurrien Timmer, director of global macro at Fidelity Investments, suggests that a simple look at the S&amp;P 500 chart offers a compelling answer for those pondering their next move: &#8220;long.&#8221;
What Happened: In a recent X post accompanied by a 10-year S&amp;P 500 index chart, Timmer presented a straightforward yet insightful perspective. He posed the question, &#8220;At times of uncertainty, I find it useful to pull up a simple chart of the S&amp;P 500 and ask myself: do I want to be long or short this chart?&#8221;
His conclusion, drawn from the technical patterns displayed, leans firmly toward establishing or adding to &#8220;long&#8221; positions.
The chart, tracking the weekly performance of the S&amp;P 500 and its 200-day moving average, highlights a consistent rising uptrend line that has provided a general floor for the market over the years. Notably, Timmer points out the recent market action, where the index swung from a position significantly above this trendline to one considerably below it.
According to the data presented, the S&amp;P 500 appears to have gravitated back to this long-term uptrend line. This convergence, according to Timmer, &#8220;suggests that the market has found its balance.&#8221;
Timmer&#8217;s analysis hinges on core technical analysis principles. The rising uptrend line typically indicates sustained buying interest and a general positive trajectory for the asset. A temporary dip below this line can often be interpreted as an oversold condition, presenting a potential buying opportunity as the market seeks to revert to its established trend.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">At times of uncertainty, I find it useful to pull up a simple chart of the S&amp;P 500 and ask myself: do I want to be long or short this chart? Different people will come up with different answers, but for me the chart below suggests "long." We have a rising uptrend line and a… <a href="https://t.co/DsLOxYz6sn">pic.twitter.com/DsLOxYz6sn</a>
&mdash; Jurrien Timmer (@TimmerFidelity) <a href="https://twitter.com/TimmerFidelity/status/1920148872690532867?ref_src=twsrc%5Etfw">May 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/25/05/45276870/carvana-ceo-believes-tariffs-could-benefit-used-cars-as-it-achieves-long-term-profitability-goal-years-ahead-of-schedule">Carvana CEO Believes Tariffs Could &#8216;Benefit&#8217; Used Cars As It Achieves Long-Term Profitability Goal Years Ahead Of Schedule</a>
Why It Matters: Despite Timmer&#8217;s personal views based on his analysis, investors could potentially consider having &#8220;long&#8221; positions; however, the decision to be &#8220;long&#8221; or &#8220;short&#8221; rests with each individual investor.
After Wednesday, the S&amp;P 500 index was out of the correction zone, just down 8.34% from its record high of 6,147.43 points, scaled on Feb. 19. Dow Jones was 8.78% lower than its 52-week high of 45,073.63 points, and Nasdaq 100 was 10.6% lower than its previous high of 22,222.61 points.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Thursday. The SPY was up 0.76% to $565.43, while the QQQ advanced 1.08% to $488.50, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
The SPY closed 0.42% higher at $561.15, and the QQQ advanced 0.39% to end at $483.30 on Tuesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/05/45251508/warren-buffett-falls-behind-nancy-pelosi-in-stock-market-returns-over-the-last-11-years-heres-what-data-shows">Warren Buffett Falls Behind Nancy Pelosi In Stock Market Returns Over The Last 11 Years: Here&#8217;s What Data Shows</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Long Ideas

S&P 500 Chart Indicates Adding 'Long' Positions As Expert Says 'Market Has Found Its Balance'

Major indexes are lower after the Fed left rates unchanged and said economic uncertainty has increased.

U.S. stocks traded mixed at midday Wednesday, as investors remained cautious ahead of the Federal Reserve&#8217;s upcoming policy decision, with Chair Jerome Powell set to <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45258146/all-eyes-on-powell-betting-markets-reveal-what-the-fed-chair-is-most-likely-to-say-on-wednesday">speak at 2:30 p.m. ET.</a>
Trade developments continued to influence market sentiment. During a Senate hearing, Treasury Secretary Scott Bessent confirmed that initial talks with China will begin in Switzerland later this week, though he emphasized they are only preliminary.
Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) led notable decliners, plunging over 7% after a Bloomberg report indicated an Apple executive's testimony suggested AI may be eroding traditional search market share.
The Dow Jones outperformed, while tech-heavy indexes like the Nasdaq 100 and S&amp;P 500 lagged under pressure from Alphabet&#8217;s sharp decline. Sector performance was positive overall, with modest gains led by financials.
In commodities, U.S. natural gas prices at the Henry Hub surged over 5% to $3.640 per million British units, driven by recovering feedgas flows to Freeport LNG and forecasts for early-season heat boosting demand.
Gold retreated 1.5% after a strong two-day rally, while oil dipped 1.2% to $58.30 following a brief spike to $60 overnight.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) held steady at around $96,800.
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>41,115.49</td>
<td>0.7%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,993.68</td>
<td>0.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,619.12</td>
<td>0.2%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,781.12</td>
<td>-0.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 12:10 p.m. ET </figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.2% up to $559.98.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.7% to $410.96.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;fell 0.2% to $480.71.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.6% to $197.89.</li>
<li>The&nbsp;Financials&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) outperformed, up 0.9%; the&nbsp;Communication Services&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) lagged, down 0.8%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
Stocks reacting to earnings included:
<ul>
<li>Arista Networks Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) down 6.84%</li>
<li>Gen Digital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEN#NASDAQ">GEN</a>) up 9.16%</li>
<li>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) up 0.89%</li>
<li>International Flavors &amp; Fragrances Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IFF#NYSE">IFF</a>) down 6.09%</li>
<li>Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) up 0.41%</li>
<li>Mosaic Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOS#NYSE">MOS</a>) up 3.58%</li>
<li>Corpay Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPAY#NYSE">CPAY</a>) down 1.80%</li>
<li>Wynn Resorts Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) up 0.56%</li>
<li>Jack Henry &amp; Associates Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JKHY#NASDAQ">JKHY</a>) down 0.67%</li>
<li>Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) down 0.16%</li>
<li>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) down 6.04%</li>
<li>Coty Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>) down 9.09%</li>
<li>Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) down 2.90%</li>
<li>The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) up 11.46%</li>
<li>Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) down 2.02%</li>
<li>Emerson Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>) up 2.72%</li>
<li>Johnson Controls International plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) up 1.52%</li>
<li>Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) down 4.78%</li>
<li>Verisk Analytics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRSK#NASDAQ">VRSK</a>) up 4.22%</li>
<li>Rockwell Automation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROK#NYSE">ROK</a>) up 12.29%</li>
<li>Cheniere Energy Partners, L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CQP#NYSE">CQP</a>) down 0.82%</li>
<li>CDW Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDW#NASDAQ">CDW</a>) up 6.90%</li>
<li>NiSource Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>) up 3.13%</li>
</ul>
Stocks slated to report earnings after the close include Fortinet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), Axon Enterprise Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAXN#NASDAQ">AAXN</a>), Corteva Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTVA#NYSE">CTVA</a>), Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), Texas Pacific Land Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>), Atmos Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATO#NYSE">ATO</a>), Fidelity National Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>), and Western Gas Partners LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WES#NYSE">WES</a>).
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45257429/michael-saylor-calls-bitcoin-the-corporate-survival-strategy-for-96-of-companies">Michael Saylor Calls Bitcoin The &#8216;Corporate Survival Strategy&#8217; For 96% of Companies</a></li>
</ul>
Powell will be speaking at 2:30 p.m. ET. Watch below.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="&#x1f534;WATCH LIVE: FOMC Rate Decision &#x7C; Fed Chair Powell Press Conference &#x7C; May 7, 2025" width="500" height="281" src="https://www.youtube.com/embed/xpIaAwIGoIA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Photo: Shutterstock

AAXN

AFRM

ANET

COTY

CPAY

DKNG

EPAM

EVRG

GOOG

JKHY

KVUE

PARA

PLNT

RIVN

SMCI

SOLV

VRSK

VTRS

WYNN

Wall Street Mixed Ahead Of Fed Meeting, Alphabet Sinks: What's Driving Markets Wednesday?

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