Stock Futures Dip Following Three-Day Winning Streak Amid Earnings Reports and Trade Concerns

Stock futures fell on Friday, reversing a positive trend following a three-day winning streak on Wall Street, as investors reflected on recent corporate earnings reports and ongoing trade uncertainties.

Futures tied to the S&P 500 were down 0.2%, while Nasdaq-100 futures saw a 0.3% drop. Futures for the Dow Jones Industrial Average slid by 171 points, or 0.4%.

The decline in stock futures followed comments made by US President Donald Trump, published by Time magazine. In the interview, Trump indicated that he would regard high tariffs of 20% to 50% on foreign goods as a “total victory” within a year. He also dismissed concerns about rising bond yields, stating that they were not a factor in his decision to pause most of the higher tariff rates for 90 days.

Despite these remarks, the broader market had shown notable gains earlier in the week. The S&P 500 and Nasdaq gained 3.8% and 5.4%, respectively, while the Dow climbed 2%. These gains followed a period of fluctuating market conditions after President Trump’s April 2 announcement of “reciprocal” tariffs, which has left investors anxious about the potential impact on key industries, especially automotive and technology sectors.

The market remains in a wide trading range, largely driven by trade uncertainties. Earlier this week, the White House hinted that it might soften its position on tariffs, especially those affecting China, which currently face a 145% import duty. On Thursday, China revealed that it had no ongoing discussions about tariffs with the US, adding to the volatility surrounding the issue.

In the corporate earnings space, Alphabet, the parent company of Google, reported a strong first quarter, exceeding analysts’ expectations on both earnings and revenue. Shares of Alphabet jumped nearly 5% as a result. Conversely, Intel’s shares fell 7% after the company issued a cautious outlook and announced plans to cut operational and capital expenditures.

“The market was in need of a spark to break out of its depressed levels, and that’s what we’re seeing now,” said Anthony Saglimbene, Chief Market Strategist at Ameriprise.

He added that the stock market could face more volatility, with key tech earnings likely to influence the direction of major indexes in the coming days.

Investors are also keeping a close eye on earnings reports from other major companies. Meta Platforms, which owns Facebook and Instagram, saw a 3% increase in pre-market trading after announcing staff reductions in its Reality Labs division. T-Mobile, on the other hand, saw a 5.5% drop after its subscriber growth in the first quarter fell short of expectations.

CNBC, Investor’s Business Daily, and the Wall Street Journal contributed to this report.