The U.S. stock market suffers its worst performance in the first 100 days of any presidential term. Here, we present a few ETF winners and losers.

Western Digital Corp forecast fourth-quarter results above Wall Street estimates on Wednesday, betting on stable demand for its storage devices from cloud providers, sending shares up 7% in premarket trading. Demand for cloud computing, driven by advances in AI technology, has boosted investments in data centers that utilize memory chips from manufacturers such as Western Digital. Western Digital's cloud market revenue rose 38% from a year earlier to $2.01 billion in the quarter ended March 28, representing 87% of total revenue.

US stock futures (ES=F, NQ=F, YM=F) fall after new data showed the US Gross Domestic Product (GDP) retracted for the first time since 2022. President Trump celebrates the first 100 days of his second term, touting tariff success and doubling down on criticism of Federal Reserve Chair Jerome Powell. Meta Platforms (META) and Microsoft (MSFT) will report earnings after the closing bell. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for The Williams Companies (WMB), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2025.

Wingstop (WING) delivered earnings and revenue surprises of 17.86% and 0.37%, respectively, for the quarter ended March 2025. Do the numbers hold clues to what lies ahead for the stock?

Western Digital (WDC) delivered earnings and revenue surprises of 11.48% and 2.07%, respectively, for the quarter ended March 2025. Do the numbers hold clues to what lies ahead for the stock?

Philip Morris and Dave & Buster's Entertainment have been highlighted as Zacks Bull and Bear of the Day.

Q3 2025 Seagate Technology Holdings PLC Earnings Call

Economists polled by Reuters had forecast consumer spending would rise 0.5% after a previously reported 0.4% increase in February. The data was included in the advance gross domestic product report for the first quarter that was published earlier on Wednesday, which showed GDP contracted at a 0.3% annualized rate last quarter, weighed down by a record surge in imports. President Donald Trump's sweeping tariffs have fanned fears the economy is facing a period of tepid growth, even recession, and high inflation, commonly referred to as stagflation.

Oceania Cruises®, the world's leading culinary- and destination-focused cruise line, has announced a sweeping revamp of its onboard entertainment program rolling out across its fleet of eight small, luxurious ships. Many of the new experiences will debut with the launch of Oceania Allura™ in July 2025, offering guests a wide variety of opportunities to be entertained and engaged, from sunrise serenity to vibrant evenings.