U.S. stock futures are pointing higher after yesterday's market losses on President Donald Trump's comments about the Federal Reserve Chair Jerome Powell; Tesla (TSLA) is set to report its highly anticipated first-quarter results after markets close; gold futures hit $3,500 an ounce for the first time; the U.S. dollar index hits its lowest level in three years; and Verizon Communications (VZ) stock is falling after a wider-than-estimated drop in phone subscribers outweighed Q1 results that topped analysts' expectations. Here's what investors need to kn🐷ow today.
1. US Stock Futures Point Higher Amid Market ♛Turmoil🔯 on Trump Comments
U.S. stock futures are pointing higher after 澳洲幸运5开奖号码历史查询:markets plunged to start the week on President Donald Trump's 澳洲幸运5开奖号码历史查询:critical remarks about Federal Reserve Chair Jerome Powell. Nasdaq futures are 0.8% after the tech-focused index declined by 2.6% yesterday, while 澳洲幸运5开奖号码历史查询:S&P 500 and 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average futures are up by similar percentages. Bitcoin (BTCUSD) is rising to trade at over $88,500. The yield on♒ the 10-year Treasury note is ticking lower to around 4.4%. Oil futures are up m🎶ore than 1%.
2. Tesla Set to 🍷Report Q1 Results After Closing Bell
Tesla (TSLA) stock is less than 1% higher in premarket trading ahead of the electric vehicle maker's 澳洲幸运5开奖号码历史查询🍒:highly anticipated🌟 first-quarter earnings report after the closing bell today. Tesla's shares have dropped 44% this year, including nearly 6% yesterday, amid worries it will be impacted by trade policy and distractions over CEO Elon Musꦰk's political activities. The EV maker has already posted 澳洲幸运5开奖号码历史查询:weaker-than-expected Q1 deliveries and analysts polled by Visible Alpha expect quarterly adjusted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) to have fallen by near🌄ly 8% year-over-year to $ꦿ0.42.
3. Gold Futures Hit $3,500 for First Time
Gold futures surpassed 澳洲幸运5开奖号码历史查询:$3,500 per ounce for the first time early Tuesday as investors continued to flock into 澳洲幸运5开奖号码历史查询:safe-haven assets amid market disruptions over worries about Federal Reserve independence. Gold has hit record highs 澳洲幸运5开奖号码历史查询:more than 20 times this year on investor concerns over Trump’s trade policies, while his recent attacks on the Fed chair have been viewed as threatening the central bank's 澳洲幸运5开奖号码历史查询:independence, a linchpin of the global economy. 🦂Gold futures have pulled back slightly from record highs and are trading at $3,468 an ounce.﷽
4.💃 US Dollar Index Falls to Three-Year Low Amid Worries Over Fed Independence
The U.S. dollar index (DXY) 澳洲幸运5开奖号码历史查询:hit a three-year low Monday amid investor concerns over threats to Federal Reserve independence following Trump's comments. The 澳洲幸运5开奖号码历史查询:benchmark dollar index has declined about 5% since early April, when President Trump disrupted global financial markets with his 澳洲幸运5开奖号码历史查询:unveiling of sweeping tariffs. The latest slide comeꦺs as investors focus on Trump's relationship with Powell, whom the president𝓰 has accused of slow-walking interest-rate cuts. The dollar index is trading at around 98.37 after yesterday sliding as low as 97.92, its lowest level since March 2022.
5. Verizon Stock ൲Drop𒁃s on Phone Subscriber Losses
Verizon Communications (VZ) stock is falling 4.5% in premarket trading after the wireless provider 澳洲幸运5开奖号码历史查询:missed subscriber estimates in its first-quarter report. Retail postpaid phone net losses of 289,000 subscribers were worse than the 218,000 subscriber losses projected from analysts polled by Visible Alpha. The company reported adjusted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $1.19 on operating revenue of $3𒁏3.49 billion, both of which exceeded expeꦚctations.