Stock market today: S&P 500, Nasdaq, Dow futures mixed with US-Iran talks, earnings in focus

General Motors (GM) is expected to study quarterly results Tuesday greeting that volition bespeak a mixed situation for the automaker, with tariffs, user fears, and a weaker electrical conveyance concern each apical of caput for investors.

Yahoo Finance’s Pras Subramanian sets retired what’s successful play for the Big Three automaker.

Analysts expect GM to station archetypal 4th gross of $43.68 billion, down somewhat from the $44 cardinal reported a twelvemonth ago. GM is expected to study Q1 adjusted net per stock of $2.62.

… Earlier this month, GM said Q1 US income fell 9.7% from a twelvemonth agone to 626,429 vehicles, though the automaker held onto its US income crown acknowledgment to a beardown March, which helped claw backmost crushed mislaid during a winter-storm-disrupted January and February.

GM said that year-over-year comparisons were skewed by an exceptionally beardown Q1 past year, earlier President Trump’s tariffs went into effect connected April 1.

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Reuters reports:

OpenAI has fallen abbreviated of its goals for caller users and gross ‌in caller months, sparking interest among immoderate institution ‌leaders implicit whether it tin enactment its extended data-center spending, the ​Wall Street Journal reported connected Monday, citing radical acquainted with the matter.

• CFO Sarah Friar has expressed concerns to different institution leaders ‌that the ChatGPT ⁠creator mightiness not beryllium capable to wage for aboriginal computing contracts if gross doesn’t ⁠grow accelerated enough, according to the report.

• OpenAI missed aggregate monthly gross targets earlier this twelvemonth aft losing ​ground to ​Anthropic successful coding and ​enterprise markets, the study ‌said.

• "This is ridiculous. We are wholly aligned connected buying arsenic overmuch compute arsenic we tin and moving hard connected it unneurotic each day," CEO and co-founder Sam Altman and Friar said successful an emailed ‌statement to Reuters.

• ChatGPT's maturation slowed ​toward the extremity of past ​year, the WSJ ​report said, adding that OpenAI fell ‌short of an interior people ​to scope 1 ​billion play progressive users for the artificial quality chatbot by year-end.

• The institution has besides grappled ​with subscriber ‌defections, the study added.

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Bloomberg reports:

Oil held a summation arsenic traders weighed the adjacent steps toward bid talks implicit the Iran war, with the US discussing a connection from Tehran portion the important Strait of Hormuz remained astir impassable.

Brent (BZ=F) crude traded adjacent $108 a tube aft advancing 2.8% connected Monday, portion West Texas Intermediate (CL=F) was supra $96. US President Donald Trump convened a gathering to sermon the proposal, but maintained reddish lines connected immoderate woody to extremity the war, including preventing Tehran from obtaining a atomic weapon.

A ceasefire has broadly held since aboriginal April, but a blockade of the Strait of Hormuz by Iran and the US has reduced regular transits of the waterway to adjacent zero. The closure has choked disconnected flows of crude, earthy state and lipid products, driving up vigor prices and raising concerns astir an ostentation crisis.

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