US Stocks & Futures on a Positive Incline as Earnings Rolled In

US Treasury Secretary Scott Bessent released a statement about the Trump administration’s plans in the financial sector. Bessent shared a press release stating the administration’s decision to bring down Treasury yield. Meanwhile, European stocks rallied on the very back of robust earnings. 

The announcement came in the light of S&P 500 futures adding 0.2% and 10-year yields. This was hovering near the lowest mark since December. In Europe, AstraZeneca Plc and Societe Generale SA rallied at the back with better-than-expected results. Meanwhile, Moller-Maersk A/S surged around 9%. As a result, they announced a $2 billion buyback.  

In a recent interview with Fox Business, Bessent said the following about the Fed, “I will only talk about what they’ve done, not what I think they should do from now on.” Bessent further added that expanding the energy supply can help lower inflation. He even claimed that earnings could grow since Amazon had yet to release its results after closing.  

Changing Tides of Major Innovation Companies 

In other news, Qualcomm Inc’s earnings fell. Wednesday reports show that Qualcomm dipped in the US premarket arena. As per speculation, the cause of this dip is generally attributed to dropping in demand for newer Android handsets in the upcoming year since Apple has taken the lion’s share of the market. 

Ford Motor Co. also saw a dip in earnings. As per speculation, this dip is due to Trump’s newer tariff models and dwindling demand for plug-in cars. Therefore, there might be some sense of stability for now, but things can get rocky in the future.  

Detailed Look into Stocks 

• MSCI Emerging Market Index rose By 0.3% 

• MSCI Asia Pacific Index rose by 0.2% 

• Futures on the Dow Jones Industrial Average rose by 0.2% 

• 100 futures of NASDAQ rose by 0.2% 

• S&P 500 futures rose by 0.2% 

• The Stoxx Europe 600 rose 0.7%