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US stocks drift in early trading as CEOs wary of tariff tensions
Gulf Today
|April 30, 2025
World shares were mostly higher on Tuesday after US stocks drifted to a mixed, quiet close at the start of a busy week of corporate earnings and economic data
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The S&P 500 was 0.38 lower early Tuesday. The Dow Jones Industrial Average was up 48 points, and the Nasdaq composite was down 0.48. UPS said it wouldn’t update its forecasts because of “macro-economic uncertainty.” Investors fear Trump's tariffs could cause a recession by sending prices higher, but the erratic way they're being rolled out is also causing confusion among businesses and households.
World shares were mostly higher on Tuesday after US stocks drifted to a mixed, quiet close at the start of a busy week of corporate earnings and economic data.
Germany's DAX gained 0.78 to 22,481.79, while the CAC 40 was nearly unchanged at 7,571.68. Britain's FTSE IOO also was holding steady at 8,416.80.
The futures for the S&P 500 and the Dow Jones Industrial Average were up 0.38.
US stocks are drifting in mixed trading as stronger-than-expected profits keep piling higher for companies, while CEOs also say they're unsure how long that can last because of uncertainty around President Donald Trump's trade war.
In Asian trading, Tokyo's markets were closed for a holiday.
This story is from the April 30, 2025 edition of Gulf Today.
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