US stocks are set open lower as the market digests the Trump comments

The major US indices are set to open lower but off their lowest premarket levels. The futures are currently implying:

• Dow industrial average -100 points
• S&P index -4.25 points
• NASDAQ index -33 points.

Entering into today, the major indices are higher for the week:

• Dow industrial average +2.43%.
• S&P index +3.83%
• NASDAQ index +5.40%

• Alphabet (GOOGL):

  • Strong Q1 with standout growth in YouTube and Search.

  • No signs of cannibalization; trades at 16.6x forward earnings.

  • Price targets raised by JPMorgan, Goldman Sachs; stock +4%.

• Intel (INTC):

  • Strong earnings beat, weak guidance.

  • CEO rallies team; cost cuts continue.

  • Shares fell over 7%.

• T-Mobile (TMUS):

  • Beat on both sales and earnings.

  • Shares down 5% — strong not good enough.

• Apple (AAPL):

  • Plans to import most U.S. iPhones from India by 2026.

  • Targeting >80 million units annually.

• Nvidia (NVDA):

  • Morgan Stanley trims price target to $160 (from $162).

  • Blackwell chip supply constraints limit near-term upside.

• Meta (META):

  • Lays off staff in Reality Labs (AR/VR unit).

  • Stock up 3%.

This article was written by Greg Michalowski at www.forexlive.com.