Nasdaq 100: Tech Shares Rise as Texas Devices and ServiceNow Beat Forecasts…

On the draw back, Chipotle sank three.5% following its first same-store gross sales decline since 2020, citing shopper spending stress. PepsiCo and Procter & Gamble each edged decrease after trimming ahead steerage, with tariffs and price considerations weighing on their outlooks. Comcast slid greater than three% as subscriber losses overshadowed its earnings beat.

What’s Driving the Financial Narrative?

Preliminary jobless claims edged increased to 222,000, signaling a still-resilient labor market. The four-week common dipped barely, reinforcing regular employment situations at the same time as some states noticed localized layoffs in manufacturing and development.

Sturdy items orders spiked 9.2% in March, however almost all features got here from transportation—up 27%. Excluding transportation, orders have been flat, suggesting broader industrial demand is muted. Housing remained delicate as effectively, with March existing-home gross sales falling to their lowest since 2009 and value features narrowing to only 2.7% year-over-year.

Is Commerce Stress Returning to the Forefront?

Commerce developments injected some warning. China’s Commerce Ministry said no talks have been at present underway with the U.S. and dismissed stories of progress, calling as a substitute for tariff rollbacks. This clashed with latest U.S. commentary, together with President Trump’s softer tone and Treasury Secretary Bessent’s optimism over a possible “large deal.”

Regardless of these tensions, markets remained centered on fundamentals, with earnings persevering with to steer investor sentiment greater than geopolitical headlines.

What’s the Buying and selling Outlook from Right here?

The outlook stays cautiously constructive. Sturdy earnings in key tech and industrial names are offsetting sector-specific considerations and commerce noise. Merchants ought to stay selective, favoring firms with pricing energy and clear demand visibility.