US Futures Climb on Trump's Reciprocal Tariff Plan
US futures experienced slight gains as President Donald Trump initiated reciprocal tariffs on trading partners. Dow (YM=F) futures rose 0.1%, S&P 500 (ES=F) e-mini futures increased by 0.1%, and Nasdaq (NQ=F) futures gained 0.1%.
Reciprocal Tariffs and Inflation Concerns
Trump's tariff plan was signed on Thursday but temporarily delayed to facilitate one-on-one negotiations with affected countries. The action follows newly imposed tariffs on steel and aluminum. Inflation remains a key concern for Wall Street after recent inflation reports. Retail sales data scheduled for Friday will provide insights into consumer behavior amid price increases.
Earnings Season Highlights
After hours on Thursday, several companies reported positive results. Airbnb (ABNB) exceeded expectations, leading to a post-market surge. Roku (ROKU) and GameStop (GME) also benefited from positive news, including the latter's move into cryptocurrency investment. Moderna (MRNA) is scheduled to announce earnings on Friday.
Sony Stocks Soar on Profit Forecast
Sony Group (SONY) stocks surged 11% in Tokyo on Friday, marking the largest increase since August. The company's upwardly revised operating profit forecast to 1.34 trillion yen (USD $8.7 billion) stems from strong gaming division performance, including a 37% quarterly profit rise and robust PlayStation 5 sales.