Stock market today: Dow, S&P 500, Nasdaq futures waver amid Trump tariff moves
US futures wavered as President Donald Trump moved to fulfill his promise to impose reciprocal tariffs on US trading partners.
Futures attached to the Dow (YM=F) hovered around the baseline. The S&P 500 (ES=F) e-mini futures fluttered 0.1%, while Nasdaq (NQ=F) futures slipped 0.1%.
Trump signed his plan for reciprocal tariffs on Thursday but delayed their implementation until April to allow his administration to negotiate on a one-by-one basis with countries that could be impacted. The latest action comes after the president imposed new 25% tariffs on steel and aluminum earlier this week.
Rising inflation remains top of mind for Wall Street following two hot inflation reports this week. Investors will get insight into how consumers are faring with stubborn prices with new retail sales data set for release Friday morning.
A few companies saw significant gains after hours on Wednesday. AirBNB (ABNB) leaped on news it trounced analyst expectations. Roku's earnings pushed stock gains with a further surge post-market close. GameStop (GME) popped after the bell too on news the games retailer will move into crypto investment.
On Friday, Moderna (MRNA) is set to report earnings.
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