Stock Market Stays Steady Amid Earnings Spotlight
U.S. stock futures remained mostly unchanged with minor fluctuations in major indices. TSMC's high quarterly profit raised chip stocks while PepsiCo shares increased due to optimistic earnings expectations. Market discussions were influenced by potential tariffs and Federal Reserve reactions, amid concerns regarding its independence.
In a rather subdued day of trading, U.S. stock index futures showed little movement. Despite notable results from Taiwan's TSMC, a keen investor focus on significant indices left indices showing only slight fluctuations.
TSMC's record earnings lifted chipmaker stocks, with U.S.-listed shares rising in premarket trading. Meanwhile, PepsiCo shares climbed on projections of a moderate decline in annual core profits.
Concerns about the Federal Reserve's independence persisted, as market players watched tariffs looming on the horizon while analyzing data on consumer spending and employment trends.
(With inputs from agencies.)
Advertisement
ALSO READ
Uncertainty Looms Over Federal Reserve Amid Emerging Market Reactions
Marble Controversy: Trump's Struggle with Federal Reserve Renovations
Tensions Rise Over Federal Reserve Renovation Project
Chris Waller's Potential Rise to Federal Reserve Chair
Powell Defends Federal Reserve Renovation Amid White House Scrutiny
Google News