Dow, S&P 500, Nasdaq Futures Dip After Trump's Tariffs Announcement
* US stock futures declined as investors digested President Trump's imposition of 25% tariffs on steel and aluminum imports globally.
* S&P 500 (ES=F) futures fell 0.2%, Dow futures (YM=F) slipped 0.1%, and Nasdaq futures (NQ=F) lost 0.2%.
* Trump's tariffs, effective March 4th, target all countries, including top suppliers Canada and Mexico, who are negotiating to avoid additional tariffs on March 1st.
Tech Woes Drag Down 'Magnificent Seven'
* AI spending concerns continue to weigh on investor sentiment towards the tech sector.
* Amazon (AMZN), Google (GOOG), Apple (AAPL), Nvidia (NVDA), Microsoft (MSFT), and Tesla (TSLA) have suffered losses following weak earnings.
* Meta (META) remains the only outperformer this year, despite announcing layoffs as CEO Zuckerberg seeks AI talent.
Coffee Futures Soar to Record High
* Coffee futures surged 6% to an all-time high of over $4.30 per pound.
* Panic-buying and supply-demand dynamics have driven a 35% price increase in 2023.
* Top suppliers Brazil and Vietnam are not expected to increase production until 2026.
Earnings Watch: Coca-Cola, Super Micro Computer, Lyft, DoorDash
* Coca-Cola is预计发布季度增长财报， 与竞争对手百事可乐一较高下。
* Wall Street estimates $10.67 billion in Q4 revenue and $0.52 EPS.
* Super Micro Computer (SMCI), Lyft (LYFT), and DoorDash (DASH) will also release earnings on Tuesday.
Gold Benefits from Market Volatility
* Gold (GC=F) continued to benefit from uncertainty in the stock market.
* Trump's tariffs have pushed the safe-haven asset to a new all-time high for the second consecutive week.
* Bullion reached an all-time peak of over $2,921 per ounce, extending the 1.7% gain from the previous session.