Dow, S&P 500, and Nasdaq Futures Rise Amid Trump Tariff Developments

By
Joe Killer
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Dow, S&P 500, and Nasdaq Futures Rise Amid Trump Tariff Developments

U.S. futures showed slight movements as President Donald Trump took steps to deliver on his vow to implement reciprocal tariffs against U.S. trading partners.

Futures linked to the Dow (YM=F) gained 0.1%. The S&P 500 (ES=F) e-mini futures fluctuated 0.1%, and Nasdaq (NQ=F) futures also rose by 0.1%.

On Thursday, Trump signed his reciprocal tariffs plan but postponed its activation until April to enable his administration to negotiate with affected countries individually. This decision follows the introduction of new 25% tariffs on steel and aluminum earlier this week.

Inflation concerns are at the forefront for Wall Street, especially after two significant inflation reports this week. Investors are looking forward to retail sales data set to be released on Friday morning for insights into consumer behavior amid persistent price increases.

A number of companies experienced notable gains in after-hours trading on Thursday. Airbnb (ABNB) surged following better-than-expected earnings. Roku saw its stock rise significantly after reporting its earnings, and GameStop (GME) also saw a boost after announcing plans to enter the cryptocurrency investment space.

Moderna (MRNA) is scheduled to report its earnings on Friday.

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2 updates

  • Trending tickers in after-hours trading on Friday

    AirBnB (ABNB)

    Airbnb’s shares surged by over 14% in after-hours trading thanks to a stronger-than-anticipated Q4 profit, with revenue increasing 12% to $2.5 billion and net income reaching $461 million. Bookings grew by 12% to 111 million, and gross booking value rose by 13% to $17.6 billion, exceeding analyst predictions.

    GameStop (GME)

    GameStop (GME) shares rose nearly 10% in after-hours trading on Thursday following news that the video game retailer is contemplating investments in cryptocurrencies, such as bitcoin (BTC-USD). The company has long been associated with the crypto space, experiencing a resurgence as a popular meme stock.

    Palo Alto Networks (PANW)

    Palo Alto Networks experienced a 5% decline after market close on Thursday. The company had seen its stock rise during trading hours following its yearly revenue forecast, projecting strong demand for its cybersecurity solutions amidst increasing online threats, despite missing earnings expectations in mixed quarterly results.

  • Sony stocks leap following strong profit forecast and gaming division performance

    Sony Group (SONY) shares jumped by up to 11% in Tokyo on Friday, marking the largest increase since August, after the company upgraded its operating profit forecast for the fiscal year to 1.34 trillion yen (approximately USD $8.7 billion), a 2% rise.

    This upward revision is primarily due to exceptional performance in its gaming division, boasting a 37% increase in quarterly profit and strong sales of PlayStation 5 units.

    Bloomberg reports: