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Your day-ahead look for April 9, 2025

Life sciences company Neogen (NASDAQ:NEOG) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 3.4% year on year to $221 million. The company’s full-year revenue guidance of $895 million at the midpoint came in 1.7% below analysts’ estimates. Its non-GAAP profit of $0.10 per share was 13% below analysts’ consensus estimates.

Packaged food company Simply Good Foods (NASDAQ:SMPL) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 15.2% year on year to $359.7 million. Its non-GAAP profit of $0.46 per share was 14.7% above analysts’ consensus estimates.

Global stocks are in turmoil and bond yields are spiking after President Donald Trump's "Liberation Day" tariffs went into effect, with Chinese imports facing a 104% levy.

The DeFi sector showed resilience this week as inflows and volumes increased.

Delta Air Lines shares jumped Wednesday morning after the carrier's fiscal first-quarter results came in better than analysts had expected.

(Bloomberg) -- Traders are looking for a US stock-market bottom after the biggest four-day rout in five years, but key technical indicators suggest more pain is ahead.Stocks are the most oversold since the depths of the pandemic, conditions that briefly lifted the S&P 500 Index by as much as 4% higher Tuesday. But the US equity benchmark erased its gains to end the session 1.6% lower at about 4,983 — teetering on the brink of a bear market — amid mounting trade tensions between the US and China.

U.S. oil major Chevron plans to increase the use of a technique that allows it to fracture subterranean rock in three wells at a time in the Permian basin, the company told Reuters, in an effort to cut the time and cost of producing oil. Chevron's expansion of the technique, known as triple-frac, comes as the second-largest U.S. oil producer expects to continue growing output in the Permian, the biggest U.S. oilfield, even as it begins to slow spending in the basin. The shale oil revolution in the United States has been driven by technological advancement.

How concerned Federal Reserve officials were over stagflation risks as they met last month may become more clear on Wednesday in a readout of a gathering held before President Donald Trump's April 2 tariff announcement shook markets and made forecasts for higher inflation and slower growth more widespread. U.S. central bank policymakers acknowledged at their March 18-19 meeting that the outlook had shifted from confidence in slowing inflation and continued growth to a near-universal sense of uncertainty and concern that new U.S. import taxes would raise inflation even as they curbed demand, growth, and perhaps employment. "Uncertainty around the economic outlook has increased," the Fed said in an updated policy statement on March 19 that also dropped a prior reference to the risks facing the economy as "roughly in balance" to say that it was "attentive to the risks to both sides of its dual mandate."

Individual investors have been working the phones for advice in the wake of U.S. President Donald Trump's sweeping tariff announcements which have sparked fears of a recession. Among the most nervous are those approaching retirement, as the market slide wreaks havoc with portfolios. Still, despite the trillions of dollars wiped off stock market values, most have been riding it out rather than ditching everything and moving to cash, financial advisers said.