U.S. stock futures are jumping on reports that U.S. tariffs may not be as extensive as previously announced.
Futures for major indices are up, with S&P 500 futures rising more than 1%, Nasdaq futures up by 1.4%, and Dow Jones Industrial Average futures increasing by 0.9%. Bitcoin is also trading higher, up 2% at nearly $88,000.
Yields on the 10-year Treasury note, as well as oil and gold futures, are also advancing. According to reports, President Donald Trump may narrow the scope of tariffs announced on April 2.
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The administration may focus on import taxes for specific countries that do not impose tariffs on the U.S. and with which the U.S. has a trade surplus.
This move is aimed at creating a more balanced trade environment.
Super Micro Computer shares are little changed in premarket trading after leading the S&P 500 higher on Friday, driven by increased demand for AI-related infrastructure.
📈#Nifty hits 2-month high; but falls over 150 points off day's high#StockMarket #StockMarketIndia pic.twitter.com/P0mUKigQfG
— ET NOW (@ETNOWlive) March 25, 2025
The company has projected significant growth following challenges related to corporate governance issues that weighed on its stock last year. Supermicro shares have gained nearly 40% in 2025. Online ticket-reselling platform StubHub has filed a prospectus to list on the NYSE under the ticker, “STUB.” The company reported Gross Merchandise Sales (GMS) of $8.68 billion in 2024, up 27% year-over-year.
Update to our sector quilt, with each color representing a sector (plus the overall S&P 500), ranked each week this year … YTD ranking is far right column pic.twitter.com/lybETB6I9M
— Liz Ann Sonders (@LizAnnSonders) March 25, 2025
Stocks climb on positive tariff news
After trending lower from 2023 into 2024, S&P 500’s rolling 1-month correlation has seen a much wider range this year as volatility has picked up pic.twitter.com/Z6PiTRE1hb
— Liz Ann Sonders (@LizAnnSonders) March 25, 2025
However, it also reported a net loss of $2.8 million for 2024, following a profitable 2023. The IPO was initially planned for last July but was delayed due to weak market conditions. Shares of Nasdaq-listed 23andMe are plunging over 40% in premarket trading after the DNA-testing firm announced it was filing for bankruptcy.
CEO Anne Wojcicki resigned immediately but will continue to serve on the board. The company aims to facilitate a sale process to maximize its business value.
Image Credits: Photo by Ayadi Ghaith on Unsplash
