The Trust Layer for Market Analysts

The analysis begins with an overview of the US stock futures showing modest gains. Wall Street had a mixed day with the Dow, S&P, and NASDAQ retreating slightly due to concerns over the government shutdown and AI sector dynamics. Enthusiasm for AI remains high, but some analysts are cautious about the sustainability of recent deal-making. PepsiCo and Delta Airlines earnings have caught the market's attention, posting encouraging results. All eyes are on the University of Michigan's consumer sentiment survey. The government shutdown has delayed key economic indicators, creating uncertainty around inflation. Policymakers are leaning on alternative data sources to gauge consumer confidence. Applied Digital has surged in after-hours trading after reporting first-quarter revenue of $64.2 million, beating estimates. Levi Strauss raised its full-year revenue and profit guidance, buoyed by strong sales, but shares fell over 6% in after-hours trading. Gold prices have slipped below $4,000 an ounce following a ceasefire deal between Israel and Hamas.