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

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

US futures wavered as President Donald Trump took steps to uphold his commitment to impose reciprocal tariffs on US trading partners.

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

Trump enacted his plan for reciprocal tariffs on Thursday but postponed their activation until April, allowing his administration to negotiate individually with affected nations. This decision follows the president’s imposition of new 25% tariffs on steel and aluminum earlier in the week.

Wall Street remains vigilant about rising inflation after two concerning inflation reports this week. Investors are expected to gain insights into consumer experiences with persistent prices through new retail sales data set for release on Friday morning.

Several companies experienced notable after-hours gains on Thursday. Airbnb (ABNB) surged after exceeding analyst expectations. Roku’s earnings also drove significant stock increases, with further gains after the market closed. GameStop (GME) rose after the announcement that the game retailer would explore crypto investments.

Moderna (MRNA) is scheduled to announce earnings on Friday.

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2 updates

  • Trending tickers in after-hours trading on Friday

    Airbnb (ABNB)

    Airbnb shares skyrocketed over 14% in extended trading after reporting better-than-expected Q4 profits, with revenue up 12% to $2.5 billion and net income of $461 million. Bookings increased by 12% to 111 million, while gross booking value climbed 13% to $17.6 billion, exceeding analyst projections.

    GameStop (GME)

    GameStop (GME) shares jumped nearly 10% in after-hours trading on Thursday after reports indicated that the video game retailer is exploring investments in cryptocurrencies, including bitcoin (BTC-USD). The company has been associated with cryptocurrencies for years, hitting all-time highs during meme-stock resurgence.

    Palo Alto Networks (PANW)

    Palo Alto Networks fell 5% in after-hours trading following the release of mixed quarterly results. Despite an earlier surge during regular trading on its full-year revenue forecast, the company fell short on earnings expectations amidst increasing demand for its cybersecurity solutions due to rising online threats.

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

    Sony Group (SONY) shares surged by up to 11% in Tokyo on Friday, marking the largest increase since August, after the company raised its operating profit forecast to 1.34 trillion yen (USD $8.7 billion), reflecting a 2% increase.

    This increase is largely credited to robust performance in its gaming division, which saw a 37% rise in quarterly profits and strong sales of PlayStation 5 units.

    Bloomberg reports: