DailyEdge

Analog Devices early Thursday beat analyst estimates for its fiscal second quarter and with guidance for the current period. ADI stock rose in early trading. The chipmaker earned an adjusted $1.85 a share on sales of $2.64 billion in the quarter ended May 3. Analysts polled by FactSet had expected earnings of $1.70 a share on sales of $2.51 billion.

President Trump has taken aim at at least four retailers in recent weeks over possible tariff price hikes with an effort that, for now at least, is largely about applying public pressure to CEOs. "I'll be watching", he told Walmart, with harsh words also directed toward Amazon, Ford, and Mattel.

US stock futures slid on Tuesday, eyeing a pullback from their recent rally amid growing warnings that investor relief over a cooling in trade tensions and in US inflation may be misplaced.Dow Jones Industrial Average futures traded flat in the wake of component Home Depot's mixed earnings report.

Longer-dated Treasury yields rose to the psychological 5% level and S&P 500 Index futures slid with the dollar after a downgrade of the US’s credit score by Moody’s Ratings increased concerns over the nation’s debt.

President Donald Trump said on Friday that the US will set tariff rates for its trading partners within the next few weeks. He explained that the administration cannot negotiate trade deals with all countries at once due to limited capacity.

In a surprising turn of events, President Trump on Thursday said India has offered to drop tariffs on US goods as part of a potential trade deal.

Trump's latest tariff pause has Wall Street reeling back its recession calls. Discussion of an economic downturn later in 2025 had surged as economists argued Trump's widespread tariffs would boost inflation and slow economic growth.

US stock futures backed off on Tuesday as economic worries replaced US-China trade truce euphoria in the wait for the latest US consumer inflation report to reveal the impact of tariffs.

Market watchers have labeled the new U.S.-China deal to temporarily cut tariffs “better than expected,” “more workable” and even a “dream scenario” — and are expecting more near-term relief for investors. Under the deal, so-called reciprocal tariffs will drop from over 100% to 10% on both sides.

US stock futures trod water on Friday as Wall Street digested the latest signs President Trump's trade war could be entering a more conciliatory phase as the US heads into talks with China. Dow Jones Industrial Average futures slipped roughly 0.2%, while S&P 500 futures traded broadly flat. Contracts on the tech-heavy Nasdaq 100 tipped 0.1% higher.