US Futures Rise as Trump Pursues Reciprocal Tariffs
US futures markets showed modest gains as President Donald Trump moved to implement reciprocal tariffs on trading partners.
* Dow (YM=F) futures rose 0.1%.
* S&P 500 (ES=F) e-mini futures gained 0.1%.
* Nasdaq (NQ=F) futures climbed 0.1%.
On Thursday, Trump signed the reciprocal tariff plan but delayed its implementation until April for negotiations. The action follows his previous imposition of tariffs on steel and aluminum.
Inflation concerns remain elevated after recent reports, and investors await retail sales data on Friday for insights into consumer spending.
Notable After-Hours Movers
Several companies reported significant gains after hours on Thursday:
* Airbnb (ABNB) surged on analyst-beating results.
* Roku (ROKU) extended gains post-market on earnings.
* GameStop (GME) rose after announcing plans for cryptocurrency investment.
Sony Stocks Jump on Profit Forecast
Sony Group (SONY) shares surged by 11% in Tokyo, fueled by an upward revision in operating profit forecast. The strong performance was driven by a 37% increase in quarterly profit from its gaming division, aided by robust PlayStation 5 sales.