Treasury yields decline as Trump considers reversing high China tariffs

💰Google to report first quarter earnings as investors look for signs of trade war impact: Google parent Alphabet will report its fiscal first quarter earnings after the bell on Thursday as Wall Street braces for the first round of announcements since President Trump placed a series of tariffs on global trade partners. Yahoo Finance reports.

💻 IBM says 15 contracts impacted by DOGE cost cuts, shares drop: International Business Machines said 15 of its government contracts were shelved under a cost-cutting drive by the Trump administration, a setback that eclipsed its upbeat revenue forecast and dragged its shares down over 8% on Thursday in premarket trading. Yahoo Finance reports.

📣 Is recession ‘inevitable’? Markets say don’t be so sure: Markets are signaling doubt about whether the U.S. economy will end up in recession, following the initial shock from President Donald Trump’s announcement of “liberation day” tariffs, according to Deutsche Bank Research. Market Watch reports. MarketWatch reports.

💊 Merck earnings are nearly here. Concerns about its Keytruda patent cliff are growing: Drugmaker Merck reports quarterly results Thursday morning as fears grow over the expiration of the patent on its top-selling medicine. Merck shares are down 38% over the past 12 months, dramatically underperforming the S&P 500, up 6% over the same period, and the NYSE Arca Pharmaceutical Index, down 6.9%. MSN reports.

🏆 Gold is having a moment. How long it can last: All that glitters may not be gold, but the precious metal has been one of the few things to shine in all this market turmoil over tariffs. Barron’s reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1) $CNEY: CN Energy Group

Total gain: +66.32%

2) $PET: Wag Group

Total gain: +58.93%

3) $LGCB: Linkage Global

Total gain: +39.89%

4) $SWAG: Stran & Co

Total gain: +22.84%

5) $GORV: Lazydays Holdings

Total gain: +20.21%

The closing price of the top three market percent gainers trading near or above $3 on April 23.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) $ENSC: Ensysce Biosciences

Total gain: +96.79%

The company announced it received a Notice of Allowance from the U.S. Patent and Trademark Office for the issuance of a patent entitled: Enzyme-Cleavable Methadone Prodrugs and Methods of Use Thereof,¹ including both composition of matter and method of use claims. Yahoo Finance reports.

2) $SNOA: Sonoma Pharmaceuticals

Total gain: +69.52%

The company announced the registration of its hypochlorous acid-based acne products with the Medicines & Healthcare products Regulatory Agency, to be sold through a prominent U.K. health and beauty retailer and pharmacy chain across more than 1,200 stores throughout the United Kingdom. Yahoo Finance reports.

3) $EPWK: EPWK Holdings

Total gain: +53.43%

The stock appeared to be moving on no notable news.

Time (ET) / Report / Period

8:30 AM - Initial jobless claims - April 19

8:30 AM - Durable-goods orders - March