Stock Market Update: Investors Eye Fed Minutes, Tariffs
Premarket futures indicate a dip in stock prices as investors await insights from the upcoming Federal Reserve minutes and evaluate President Trump's latest tariff proposals.
1. Tariffs on Autos, Chips, Pharmaceuticals Proposed
President Trump has proposed imposing 25% tariffs on imports of automobiles, semiconductors, and pharmaceuticals. This could have significant implications for industries heavily reliant on these sectors.
2. Intel's Altera Unit in Acquisition Talks
Intel's stock has fallen following reports that private equity firm Silver Lake is negotiating to acquire its Altera programmable chips unit.
3. Super Micro Computer Gains on AI Optimism
Super Micro Computer shares have surged on projections of strong AI server demand, leading to a four-day winning streak.
4. Apple's Low-Cost iPhone Anticipated
Investors are keenly observing Apple ahead of an expected launch of a budget-friendly iPhone model with advanced AI features.