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Here are three of the stories investors are watching on Thursday, April 24.
China says talks about a trade deal haven't even started and called on the US to revoke unilateral tariffs. That news is leading to futures (ES=F, NQ=F, YM=F) being mixed ahead of the start of trading. One thing in focus is earnings, with tariffs being a key theme for both companies and Wall Street.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
Welcome to Yahoo Finance's flagship show, the Morning Brief. I'm Brad Smith, alongside Madison Mills. Let's get to the three things that you need to know today.
First up, any hopes for progress on a trade deal with China dashed. Beijing saying overnight the talks between the two countries haven't even started. Officials calling on the US to revoke all unilateral tariffs. That defiant tone contrasting with signals of de-escalation from both President Trump and Treasury Secretary Scott Beasant.
And that news weighing on futures this morning. We are seeing some mixed activity after the major averages notched two straight days of gains, the first back-to-back gains of over 1% since Election Day. But we're off earlier lows and durable goods orders in March surged more than 9%, the highest level since July 2024, and the threat of tariffs likely driving orders ahead of the April second deadline.
And a busy morning for earnings dominated by one word tariffs. American Airlines joining a growing list of companies withdrawing guidance over trade policy uncertainty, plus Proctor & Gamble and Pepsico among the names slashing their guidance.
