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US stock futures hit pause on Thursday as concerns about the economy grew amid President Trump’s trade offensive, with a looming US government shutdown further fueling fears.
Futures on the S&P 500 (ES=F) and on the tech-heavy Nasdaq 100 (NQ=F) each hovered below the flat line, on the heels of a rebound for both gauges. Dow Jones Industrial Average (YM=F) were also little changed.
CBOT – Delayed Quote USD
As of 7:13:00 AM EDT. Market Open.
YM=F ES=F NQ=F
Markets remain on edge after days of being whipsawed by fresh headlines. Stocks got a boost on Wednesday amid relief about a cooler-than-expected inflation report, which buoyed tech shares in particular.
But uncertainty around Trump’s tariff policy continues to grip Wall Street, and his trade war has only intensified this week. The president has vowed to respond to tariffs planned by the EU and Canada in response to US duties on steel and aluminum imports.
Read more: The latest on Trump’s tariff plans
Meanwhile, the risk of US government shutdown adds another layer of worry for investors already assessing the impact of DOGE job cuts on the economy. Senate Democrats plan to block a Republican spending bill to avert the weekend shutdown, their leader Chuck Schumer said.
Later on Thursday, updates on wholesale inflation in February and weekly jobless claims will provide a pulse check on the economy, A confirmation of the easing shown in consumer price pressures will factor into expectations for interest-rate cuts ahead of the Federal Reserve meeting next week.
LIVE 5 updates
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‘Magnificent 7’ stocks aren’t the only high-flying techs getting hit hard
Big techs have led markets lower in what’s been a brutal month for stocks, mirroring their leadership in gains in 2023 and 2024.
But its worth digging deeper this time to see what’s going on, Yahoo Finance’s Alexandra Canal reports.
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Intel stock surges after chipmaker names new CEO
Intel’s (INTC) shares are jumping in premarket after the company found a new CEO willing to take on the tough job of turning around the struggling US chipmaker.
New boss Lip-Bu Tan is a former Intel board member who’s managed to stay under the radar while wielding significant influence in the chip industry.
Tan is taking over Intel in the midst of one of the darkest eras in the company’s history. The chipmaker has lost its lead in process manufacturing to rival chip builder TSMC (TSM) and ceded its opportunity to dominate in the AI space to Nvidia (NVDA), Yahoo Finance’s Daniel Howley reports.
The new CEO has already said he’ll keep working to make Intel a top foundry, making chips for others in the industry. That’s seen as signal he won’t split up its design and manufacturing businesses, as the likes of rivals TSMC and Broadcom (AVGO) eye its factories.
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Good morning. Here’s what’s happening today.
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Trending tickers after-hours Thursday
Adobe (ADBE)
Stocks in visual and digital media software giant Adobe fell 4% in after-hours moves after the company reported record quarterly revenue above analysts’ expectations. The earnings report did not provide investors with enough to latch onto for future outlook.
American Eagle (AEO)
Apparel retailer American Eagle warned of a drop in its operating income. Stocks in the company dropped 5% in after-market moves.
SentinelOne (S)
Cybersecurity firm SentinelOne announced earnings and issued a revenue forecast below Wall Street estimates. Stocks in the company dropped 12% in extended trading.
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Intel stock leaps 11% after appointing Lip-Bu Tan as CEO
Intel (INTC) shares jumped up over 11% in after-hours trading after an announcement revealed Lip-Bu Tan as the company’s new CEO. Tan will be replacing interim co-CEOs David Zinsner and Michelle Johnston Holthaus.
Yahoo Finance’s Dan Howley reports:
