The three major indexes rallied on Monday, after President Donald Trump signaled that China and the U.S. ought to be able to resolve their trade dispute. But Beijing retaliated with a series of countermeasures on Tuesday, which now look set to weigh on sentiment. Futures tracking the Dow Jones Industrial Average fell 237 points, or 0.5%. S&P 500 futures dropped 0.8%, and contracts tied to the tech-heavy Nasdaq 100 slid 1.0%. U.S. stocks were on course to drop Tuesday after China hit back at the U.S. with a ...

Core Insights - Meta Platforms is expected to report its first-quarter earnings, with a focus on the impact of President Trump's tariffs on its online advertising business [1] - Analysts predict that Meta's advertising revenue from China could be significantly affected, with a potential loss of $7 billion in 2025 if Chinese companies continue to reduce their ad spending [2] - Meta's total sales for 2024 are projected to be $18.35 billion, with 11% derived from China [1] Financial Expectations - Analysts expect Meta to report $8.54 billion in sales from the Asia-Pacific region for the quarter [2] - The expected earnings per share for Meta is $5.28, with total revenue anticipated to be $41.39 billion [6] - Meta's capital expenditures for the quarter are projected to be $14.32 billion, which may be influenced by the ongoing trade policies [4] Market Context - Other tech companies, including Snap, Reddit, and Amazon, are also set to report earnings, indicating a broader trend in the online advertising sector [5] - Google has indicated potential headwinds in its online ad business due to similar trade issues, reflecting a wider concern across the industry [3] - Intel's CFO has expressed concerns about the economic impact of U.S. trade policies, suggesting a growing probability of an economic slowdown [4]