U.S. Futures Mixed as Trump Moves on Reciprocal Tariffs
New York, NY - February 14, 2025 - U.S. futures fluctuated as President Donald Trump initiated his pledge to impose retaliatory tariffs on foreign trading partners.
Futures Breakdown:
* Dow (YM=F): hovered near the baseline
* S&P 500 (ES=F) e-mini futures: gained 0.1%
* Nasdaq (NQ=F) futures: declined 0.1%
Tariff Implementation:
Trump signed the plan for reciprocal tariffs on Thursday, but postponed their implementation until April to permit negotiations with potentially affected countries. This follows the imposition of new 25% tariffs on steel and aluminum earlier this week.
Inflation Concerns:
Inflation remains a major concern on Wall Street after two high inflation reports this week. Retail sales data expected Friday will provide insights into consumer spending amid persistent price increases.
Post-Market Gains:
* Airbnb (ABNB): Surged after exceeding analyst forecasts.
* Roku: Boosted stock gains significantly in after-hours trading.
* GameStop (GME): Jumped post-market on news of its move into cryptocurrency investment.
Upcoming Earnings Report:
* Moderna (MRNA): Scheduled to report earnings on Friday.