The major US indices are set to open lower but off their lowest premarket levels. The futures are currently implying:

  • Dow industrial average -100 points
  • S&P index -4.25 points
  • NASDAQ index -33 points.

Entering into today, the major indices are higher for the week:

  • Dow industrial average +2.43%.
  • S&P index +3.83%
  • NASDAQ index +5.40%

  • Alphabet (GOOGL):

    • Strong Q1 with standout growth in YouTube and Search.

    • No signs of cannibalization; trades at 16.6x forward earnings.

    • Price targets raised by JPMorgan, Goldman Sachs; stock +4%.

  • Intel (INTC):

    • Strong earnings beat, weak guidance.

    • CEO rallies team; cost cuts continue.

    • Shares fell over 7%.

  • T-Mobile (TMUS):

    • Beat on both sales and earnings.

    • Shares down 5% — strong not good enough.

  • Apple (AAPL):

    • Plans to import most U.S. iPhones from India by 2026.

    • Targeting >80 million units annually.

  • Nvidia (NVDA):

    • Morgan Stanley trims price target to $160 (from $162).

    • Blackwell chip supply constraints limit near-term upside.

  • Meta (META):

    • Lays off staff in Reality Labs (AR/VR unit).

    • Stock up 3%.

Source: Forex Live