T-Mobile-Trade Deficit Widened in December

Market Overview - Wall Street is expected to have an eventful day with numerous earnings reports, economic data, and a monetary policy statement from the Fed [1] - Pre-market trading shows a cautious sentiment with the Dow down 90 points, S&P 500 down 16 points, and Nasdaq down 3 points [1] Trade Balance - The U.S. trade deficit for December reached - $122.1 billion, marking the lowest figure for 2024 [2] - Imports increased by +3.9% in December, while exports decreased by -4.5% [2] - Industrial supplies led imports with an increase of +18.9%, contributing to total imports of$ 289.6 billion [3] - Consumer goods exports saw a decline of -8.5%, increasing the loss in outgoing goods by $7.8 billion to a total of$ 167.5 billion [3] Quarterly Earnings - T-Mobile U.S. (TMUS) reported Q4 earnings of $2.57 per share on revenues of$ 21.87 billion, surpassing expectations [4] - TMUS raised its Q1 earnings guidance to a record $9.66 per share, resulting in a +7% increase in stock price [4] - VF Corp. (VFC) reported fiscal Q3 earnings of 62 cents per share, exceeding the expected 34 cents, with revenues of$ 2.83 billion [5] - VFC announced a cash dividend of 9 cents per share, and despite negative earnings guidance for fiscal Q4, shares rose by +4.7% in pre-market trading [5] Upcoming Events - The Fed is expected to maintain interest rates at +4.25-4.50%, with Fed Chair Jerome Powell addressing economic conditions and potential tariff impacts [6] - A series of important earnings reports are anticipated after market close, including from Microsoft (MSFT), Meta Platforms (META), and Tesla (TSLA) [7]