U.S. stock futures are edging higher as investors digest remarks by President Donald Trump on difficulties negotiating with Chinese President Xi Jinping; CrowdStrike (CRWD) shares are diving after the cybersecurity firm’s revenue outlook came in below expectations; Hewlett Packard Enterprise (HPE) stock is surging after the company reported better-than-expected results; and Dollar Tree (DLTR) shares are slipping after the discount retailer warned that tariffs could undercut its current-quarter profit. Here’s what investors need to know today.
1. US Stock Futures Point Slightly Higher
U.S. stock futures are pointing slightly higher as investors looked past trade tensions between the U.S. and China. Nasdaq futures are 0.1% higher after the tech-focused index gained 0.8% in the prior session to move into positive territory for 2025 for the first time since February. S&P 500 and Dow Jones Industrial Average futures are showing similar gains after moving 0.6% and 0.5% higher, respectively, on Tuesday. Bitcoin (BTCUSD) is trading 1% lower at a little above $105,000. The yield on the 10-year Treasury note and oil futures are little changed. Gold futures are slightly lower.
2. Trump Says China’s Xi ‘Extremely Hard to Make a Deal With’
President Donald Trump wrote in a social media post that China’s President Xi Jinping was “extremely hard to make a deal with,” raising more questions about progress on a trade deal between the countries. The comment comes after the two sides accused each other of violating the temporary trade truce they struck in Geneva last month. That surprise deal saw the two dramatically roll back tariffs on each other’s imports for a 90-day period to give the two sides time to negotiate. Trump had set a 145% tariff on Chinese imports before dialing it back to 30% for the interim period.
3. CrowdStrike Stock Dives on Soft Revenue Outlook
CrowdStrike Holdings (CRWD) shares are dropping 7% in premarket trading after the cybersecurity firm delivered a current-quarter revenue outlook that was lower than analysts’ projections. For the first quarter, CrowdStrike reported adjusted earnings per share (EPS) of $0.73, above Visible Alpha consensus, on revenue that increased 20% year-over-year to $1.1 billion, roughly in line with expectations. However, its Q2 revenue projection of $1.14 billion to $1.15 billion was a tick below estimates. The stock had closed at an all-time high Tuesday before the results.
4. HP Enterprise Stock Surges on Strong Quarterly Results
Hewlett Packard Enterprise (HPE) shares are surging 6% in premarket trading after the firm’s fiscal second-quarter results topped estimates. The server maker reported adjusted EPS of $0.38 on revenue that rose 6% to $7.63 billion, both above Visible Alpha consensus. The company’s current-quarter revenue forecast also topped projections. The results come after Bloomberg reported in April that activist investor Elliott Investment Management had built a more than $1.5 billion stake in the company.
5. Dollar Tree Stock Slips as Profit Outlook Outweighs Strong Q1 Results
Dollar Tree (DLTR) shares are falling 2% in premarket trading after the discount retailer warned that tariffs could take a bite out of its current-quarter profit. Dollar Tree forecasted that Q2 adjusted EPS could be down 45% to 50% as the retailer works to mitigate and absorb the cost of tariffs. The company’s first-quarter adjusted EPS, net sales, and comparable store sales all topped analysts’ estimates. Dollar Tree shares entered the day up 29% this year.
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