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President Donald Trump on Wednesday blamed his predecessor, former President Joe Biden, for the stock market’s weak performance, as the main U.S. indexes headed for losses after a report showed the economy has contracted.

U.S. companies added 62,000 jobs in April, the ADP National Employment Report showed on Wednesday. Economists polled by the Wall Street Journal had forecast a gain of 120,000 jobs.

The good news for Beyoncé fans: Prices have been dropping for the “Cowboy Carter” tour on resale markets. The bad news: Experts say this could signal broader economic problems.

With shares trading just above a key support level, investors will be alert for clues about Apple’s manufacturing plans.

Mark Mobius, the self-styled ‘father of emerging markets,’ has spent his entire career in an asset class notorious for its volatility and his pronouncements on have long been interpreted as sanguine.

Consumer spending climbs 0.7% in March. Auto sales surge.

PCE shows inflation rate decelerating to 2.3%

Norwegian Cruise Line’s stock fell more than 8% in premarket trading on Wednesday after the cruise operator warned it expects to fall short of Wall Street analyst estimates for its second quarter as it faces an uncertain economic outlook.

“The first quarter of 2025 played out largely as expected,” Etsy said.

While Humana affirmed its full-year profit outlook, which can be viewed as a positive in the current uncertain economic environment, quarterly revenue came up a bit shy, and the earnings outlook for the current quarter was below Wall Street projections.

The U.S. economy contracted in the first quarter of 2025 for the first time in three years, reflecting a surge in imports ahead of President Trump’s tariffs and a slowdown in consumer spending.

Caterpillar expects “negative economic growth” in the second half of the year.