Trade War Impact - The U.S. has increased tariffs on Chinese imports by 50%, while China has reciprocated with a 50% tariff on U.S. goods, raising tariffs on American goods to 84% and on Chinese goods to 104% [1][2] - The ongoing trade war is expected to cause significant economic pain, with the potential to bring negotiators to the table, although the timeline for resolution remains uncertain [2] Market Reactions - Pre-market trading shows significant declines: Dow down 850 points, S&P 500 down 95 points, and Nasdaq down 280 points, indicating market distress due to the trade situation [3] - Spot oil prices have dropped to four-year lows, with WTI crude at approximately 56perbarrel,reflectingbroadereconomicconcerns[3]EconomicIndicators−WholesaleinventoriesforFebruaryareexpectedtoshowmoderatedgrowthof0.313.0 billion fell short of the 13.8billionconsensus[7]−Guidanceforthenextquarterhasbeenlowered,withexpectedearningspersharebetween1.70-2.30, down from a previous estimate of $2.62, and revenues projected to change between -2% to +2% [8] - Despite the mixed results, Delta shares have seen a modest increase, likely due to the earnings beat and a year-to-date decline of 40% [8]
Delta(DAL) ZACKS·2025-04-09 14:45