S&P 500 futures move lower after index posts longest win streak since November: Live updates

Stock futures tied to the S&P 500 were slightly lower early Wednesday as traders prepared for a blast of economic data to wrap up a tumultuous month of trading.

were off 0.4%, while lost 0.7%. added 33 points, or 0.1%.

Shares of artificial intelligence chip darling fell more than 2% in the premarket in sympathy with Super Micro Computer's more than 17% decline. That comes after Super Micro for the fiscal third quarter, fanning concerns of weaker demand for AI servers.

The major averages ended Tuesday higher after Commerce Secretary Howard Lutnick that the White House was close to announcing a trade deal, but didn't name the country. Later in the afternoon, President Donald Trump said that are "coming along great" and that the U.S. could soon strike an agreement with the nation.

In the previous session, the 30-stock Dow climbed 300 points, while the  gained 0.58%. It was the sixth straight winning day for both indexes, the longest since July for the Dow and since November for the S&P 500. The tech-heavy  gained 0.55%.

April has been a rocky month for markets. Trump's sweeping "reciprocal" tariff announcement on April 2 set off a bout of volatile trading, but the major averages have been gradually narrowing the month's losses. Consider that the S&P 500 on April 7 but has since made a comeback, and is down just 0.9% this month. The Dow is on pace for a 3.5% loss in April, while the Nasdaq is about 0.9% higher.

"U.S. equities have picked up the pace as April 30 rapidly approaches, aiming for the monthly flatline and recouping losses following President Donald Trump's tariff barrage," said Jeff Buchbinder, LPL Financial chief equity strategist.

Treasury Secretary Scott Bessent that "individual investors have held tight, while institutional investors have panicked" in the recent market turmoil. These mom-and-pop investors have been buyers of .

A batch of high-stakes economic reports that could shed light on and dictate the markets' next move awaits on Wednesday.

The first reading of the first quarter's gross domestic product is expected to show an annualized growth rate of 0.4%, adjusted for seasonality and inflation, per Dow Jones estimates. Several banks on Wall Street are already trimming back their GDP estimates, anticipating negative growth.

The personal consumption expenditures price index for March is also due in the morning. Economists polled by Dow Jones see no gain for March and a reading of 2.2% for headline inflation. The PCE is closely watched by the Federal Reserve and is one of its preferred inflation metrics.

Investors will also be watching for key earnings reports from and , due in the afternoon.

Etsy gains after revenue beat

shares jumped more than 1% in premarket trading on the heels of the company's topping Wall Street's expectations.

The company posted $651 million in revenue for the period, above the $643 million that analysts surveyed by LSEG were expecting.

It also said that it's "staying nimble in the face of uncertainty given recent tariff announcements and the fluid state of consumer confidence in our core markets."

— Annie Palmer, Sean Conlon

Oddity Tech shares soar after earnings beat

Shares of beauty and tech retailer surged about 17% in the premarket after its surpassed analyst estimates.

The company also raised its earnings and revenue forecast for 2025, saying that the headwinds related to President Donald Trump's tariffs are "expected to be manageable and largely offset by cost efficiencies."

The stock is on pace to close out April with gains, having risen about 9% month to date. The , by comparison, has fallen about 1% in the same period.

— Gabrielle Fonrouge, Sean Conlon

Citi upgrades Warby Parker to neutral rating

In a Wednesday note, Citi analyst Paul Lejuez upgraded eyewear retailer to a neutral rating from sell. However, Lejuez simultaneously lowered his target price to $17 from $23.

The analyst's revised forecast is approximately 8% above where the stock closed on Tuesday. Shares of Warby Parker have plunged 35% so far this year. The analyst said that the stock's recent pullback may be nearing its bottom.

"With shares down 41% since Feb 5, we believe the market has priced in near-term tariff pressures," he wrote.

Lejuez added: "WRBY sells products that are medically necessary, and their optical labs are located in the U.S. However, 20% of WRBY's COGS are sourced from China, and their mitigation efforts will likely set the stage for the rest of F25, as they will need to shift sourcing geographies for frames and/or increase price to offset the impact from tariffs. This is likely to cause some near-term margin pressure and volatility in results, which we believe the market now appropriately reflects, resulting in a more balanced risk/reward."

— Lisa Kailai Han

Bad news for cookouts: Live cattle futures hit all-time high Tuesday

June live cattle futures rose to an all-time high of $2.10975 per pound on the Chicago Mercantile Exchange on Tuesday, bringing the year-to-date advance to 12.2%.

Each of the contacts, which began trading in late 1964, represents 40,000 pounds of live cattle.

— Scott Schnipper, Gina Francolla

Starbucks, First Solar among stocks moving after hours

Several companies were making headlines after Tuesday's market close. Here are a few:

• — Shares of the coffee giant slipped 4% after Starbucks for its fiscal second quarter. The company also reported same-store sales figures that reflected a decline for the fifth straight quarter. Starbucks posted adjusted earnings per share of 41 cents on $8.76 billion in revenue, while analysts polled by LSEG expected 49 cents in earnings per share on $8.82 billion in revenue.
• — Shares of the solar technology company dropped 10% after First Solar offered weak guidance for the full year. The company sees earnings for the period ranging between $12.50 and $17.50 per share, while analysts polled by LSEG sought $18.14 per share. First-quarter earnings also missed the mark.
• — Shares of the online travel booking services provider shed 3%. Gross bookings for the first quarter came in at $46.7 billion, only narrowly topping the $46.53 billion StreetAccount consensus estimate. Booking Holdings' top- and bottom-line results for the period firmly beat expectations, however

For the full list, read .

— Pia Singh

Stock futures open little changed

Stock futures were mixed shortly after 6 p.m. ET.

and each slipped about 0.1% and 0.3%. added about 0.1%.

— Pia Singh