Today, we will tell you about the Stock Market. 5 Things to Know Before the Stock Market Opens. Let’s start:
5 Things to Know Before the Stock Market Opens
US stock futures are declining following the recent selloff, in the wake of the tariffs on Canada, Mexico, and China in effect. Canada responds by imposing a 25% tariff on $27 billion in US goods and China reacts by imposing taxes on US farm imports; Target ( TGT) has better results than the fourth quarter forecast however, it cautions against tariffs as they could cause pressure on its current-quarter earnings; Walgreens Boots Alliance ( WBA) shares are up in premarket trading, following an announcement that it’s close to the $10 billion threshold to privatize and Nvidia ( NVDA) shares are sliding after plummeting on in the morning. This is what investors must be aware of today.
1. US Stock Futures Point Lower as Tariffs Take Effect
US stock futures are falling following yesterday’s decline in the wake of trade tariffs against Canada, Mexico, and China beginning to take effect. Nasdaq Futures have fallen 0.7 per cent lower following the tech-focused index that dropped 2.6 per cent Monday, and S&P 500 and Dow Jones Industrial Average futures are also down due to slides released yesterday. Bitcoin ( BTCUSD) is down 3 percent to trade below $84,000. The ten-year Treasury note yield, as well as oil futures, are also lower. Futures on gold are 1% higher.
2. Canada, China Retaliate With Tariffs on US Goods
Canada and China both announced retaliatory actions towards their counterparts in the US as tariffs against both countries and Mexico began to take effect on Tuesday. Canada responded by announcing 25% tariffs for the C$30 billion ($27 billion) worth of US products, and China announced it would apply tariffs to various US agricultural items. 1 2 Market watchers are looking forward to comments from the president tonight. Donald Trump.
3. Target Q4 Results Top Estimates But Retailer Warns of ‘Tariff Uncertainty’
Target (TGT) announced fourth-quarter earnings that beat the estimates of analysts. However, the company cautioned that “tariff uncertainty” would pressure the first-quarter profit.3 Target reported an adjusted earnings ratio (EPS) at $2.41 on revenues that fell by 3% over the previous year in the range of $30.92 billion, exceeding estimates. The company’s equivalent sales were up 1.5 percent, beating expectations of 11.39 cent growth. The shares are 1.5 less in the premarket.
Fixed-rate averages stay the same despite the rise of sub-4 per cent deals
4. Walgreens Stock Rises on Report It’s Near Deal to Go Private
Walgreens Boots Alliance ( Walgreens Boots Alliance (WBA) WBA shares have been up 5 per cent in premarket trading following the Wall Street Journal report that Walgreens Boots Alliance was in the process of agreeing to a deal worth around $10 billion deal that could be privatized. 4 Recent speculation about the deal has helped push shares up 10% on Tuesday. It was reported that the Wall Street Journal said that a private equity company Sycamore Partners is negotiating offering up to $11.30 per share as well as $11.40 per share in cash to the company and was later replaced with Amazon ( AMZN) in the Dow just a few months earlier.
5. Nvidia Stock Falls Further After Sinking Monday
Nvidia ( NVDA) shares are down by 3% in premarket trading following a plunge of almost 9% on Monday, as the shares associated with AI dropped because of concerns over the effects of tariffs. Super Micro Computer ( SMCI) shares are down 7 percent, following a fall of almost 13% in the previous session. The shares of power companies Constellation Energy ( CEG) and Vistra ( VST) are down by 3.5% and 2.5% in the respective sectors as optimism fades over AI energy needs for data centers. Demands.
