All three major indexes are headed lower, as investors continue to unpack this morning's earnings reports and look ahead to Microsoft (MSFT) and Alphabet's (GOOGL) quarterly results, which are due out after the close.

Today's economic data showed the U.S. consumer confidence index falling to a nine-month low of 101.3 in April, while Case-Shiller home price index rose 0.1% in February for its first increase in eight months. New home sales rose to a 683,000 annual rate in March, up from the previous month's revised 623,000. 

Options traders are targeting Spotify Technology SA (NYSE: SPOT) after the music streaming service beat estimates for monthly active users in the first quarter and announced a 15% rise in premium subscribers, though the company's sales missed estimates. So far, 24,000 calls and 16,000 puts have been exchanged, which is already 19 times the usual daily volume. The weekly 4/28 145-strike call is the most active. SPOT is up 5% at $138.11 at last check, earlier touching a one-year high of $145.88.

Medpace Holdings Inc (Nasdaq: MEDP) is up 14.8% at $214.99 at last glance, and was earlier as high as $231.63, after the company's first-quarter profit and revenue beat expectations. The equity is now back above all notable short- and long-term moving averages, including its 60-day trendline. Year-to-date, MEDP is up 1.5%. 

On the other hand, HomeStreet Inc (Nasdaq: HMST) hit a record low of $11.39 today after the financial name missed expectations in its own first-quarter report. Plus, the company expects interest margins to decline in 2023. Down 32.9% at $11.68 at last glance, HMST is down 57.7% since the start of the year. 

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