LIVE MARKETS-U.S. company outlook ratio less negative than Q1 and a yr ago

-0.62%

-0.12%

-0.24%

+0.23%

Dow Jones Industrial Average DJI	48114.26	-0.62%
CBOE Volatility Index	16.48	-0.12%
S&P 500 index SPX	6800.26	-0.24%
NASDAQ IXIC	23111.46	+0.23%

Nasdaq up ~0.5%, S&P 500 off slightly, Dow declines ~0.9%

Materials weakest S&P sector; Tech lone gainer

Dollar up; gold off; crude declines ~1%; bitcoin down >2%

US 10-Year Treasury yield rises to ~4.48%

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U.S. COMPANY OUTLOOK RATIO LESS NEGATIVE THAN Q1 AND A YR AGO

Even with much tariff uncertainty still hanging over companies, the ratio of negative-to-positive outlooks (vs analyst expectations) for the second quarter from S&P 500 .SPX companies is below the year-ago level and well below the first-quarter 2025 level, according to the most recent LSEG data.

A total of 70 negative EPS preannouncements have been issued by S&P 500 companies for the second quarter, compared with 46 positive ones, resulting in a negative-to-positive ratio of 1.5 to 1, LSEG data shows.

That compares with a ratio of 1.8 to 1 for the second quarter of 2024, which had 67 negative outlooks to 37 positive ones; and with 2.5 to 1 for the first quarter of 2025, which had 79 negative outlooks to 32 positive ones.

In addition, it's below the long-term average since 1997 of 2.5 to 1, and the prior four-quarter average of 2.0 to 1, based on LSEG data.

The total number of outlooks remains similar to previous quarters as well, with 124 outlooks issued for the second quarter of 2025 versus 119 for the second quarter of 2024 and 121 for the first quarter of 2025.

(Caroline Valetkevitch)

*****

EARLIER ON LIVE MARKETS:

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US EARNINGS TO SHED LIGHT ON TARIFF IMPACT CLICK HERE

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