U.S. Stock Future is lower as investors spend President Donald Trump's announcement of 25% Tariffs on World -Een steel and aluminum imports.
Future attached to the S&P 500 (Es = f) Slide 0.2%, while Dow Futures (Ym = f) has fallen 0.1%, and NASDAQ's future (Nq = f) 0.2%declined.
Trump Install 25% tariffs on all steel and aluminum imports Monday night. Tariffs are expected to take effect on March 4th and apply to all countries, including Canada and Mexico, two main suppliers of the metals in the US. US neighbors are also scrambling to strike a deal to avoid being subject to another set of tariffs on March 1.
In technology, the fears of AI expenditure continue to Drag investors' confidence in the magnificent seven. Amazon (Amzn), Google (Cook), Apple (Aapl), Nvidia (Nvda), Microsoft (Msft), and Tesla (Chat) have all seen losses of weak earnings in recent weeks. Meta (Meta) remains the only member of the group to post double digit earnings so far this year.
Meta attracted Wall Street's comment on Monday as he began to dismiss employees as part of CEO Mark Zuckerberg promised to cut thousands of jobs from the company in a campaign to find AI talent. A total of around 3,600 people, or 5% of the company, are expected to be dismissed in the process.
In goods, The future of coffee rose 6% to record of over $ 4.30 per pound. References to the purchase of panic have reached the price of beans, where low produce and high demand have led to a 35% increase in prices this year. Brazil and Vietnam, the two largest international suppliers, are not expected to be able to raise output until 2026.
On Tuesday, Coca-Cola earnings are expected to show a quarter of growth at the company's battle with Pepsiico. Wall Street anticipates Q4 revenue of $ 10.67 billion and earnings per share of $ 0.52.
Super Micro computer (Smi), Lyft (Book), and doordash (Ruthin ') About to report earnings on Tuesday.
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