By WSJ Staff

IBM $(IBM)$: The tech company warned that macroeconomic uncertainty was prompting businesses to rethink spending. Shares slid 8% in premarket trading, despite IBM posting better-than-expected quarterly results.

Tesla $(TSLA)$: The EV maker's sales in the European Union plunged for a third consecutive month in March, the latest sign that concerns around both tariffs and Elon Musk's relationship with the Trump administration may be weighing on demand. Tesla shares fell nearly 2% premarket.

STMicroelectronics $(STM)$: The Tesla chip supplier projected lower sales this quarter, but signaled it expects demand to recover in coming months. U.S.-listed shares rose almost 3% before the bell.

ServiceNow (NOW): The software company reported higher-than-expected revenue growth and said the U.S. government's efficiency drive has increased demand for its platform. Shares rallied 9% premarket.

Texas Instruments $(TXN)$: The chip maker reported double-digit sales quarterly growth, sending shares higher premarket.

Chipotle $(CMG)$: The burrito chain that consumers are pulling back on spending and tariffs will likely drive up its costs this year. Shares fell before the bell.

Kering (FR:KER): The Gucci parent's quarterly sales missed expectations, as the company navigates a slowdown in luxury-goods spending. Shares dropped 5% in France.

Merck $(MRK)$, Southwest Airlines $(LUV)$, Procter & Gamble $(PG)$, American Airlines $(AAL)$ are due to report earnings before the bell.

Alphabet (GOOGL, GOOG) and Intel $(INTC)$ are scheduled to report results after the bell.

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(END) Dow Jones Newswires

April 24, 2025 05:13 ET (09:13 GMT)

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