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US stock futures tipped higher on Tuesday after a solid day in the green for the major gauges, as investors weighed whether President Trump would temper his plans for reciprocal tariffs.
Contracts on both the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) rose around 0.3%. Dow Jones Industrial Average futures (YM=F) moved up 0.2%.
CBOT – Delayed Quote USD
As of 9:12:44 AM EDT. Market Open.
YM=F ES=F NQ=F
Uncertainty about the scope of Trump’s upcoming tariffs has investors treading carefully. Stocks soared on Monday amid signs the administration could scale back duties due on April 2, with the president saying he “may give a lot of countries breaks.”
At the same time, though, Trump said fresh tariffs on the pharmaceutical and auto sectors are coming in the “near future.” And in another abrupt salvo, Trump on Monday said the US would impose a “secondary tariff” on any country that buys oil or gas from Venezuela.
Meanwhile, worries about a risk of US recession persist as fears of tariffs and federal layoffs make headlines. Investors looking for fresh data on the economy’s health will get readings on consumer confidence and February’s new home sales later Tuesday.
In individual movers, Tesla (TSLA) looked to build on Monday’s 12% surge, as it was up close to 2% in premarket.
Quarterly earnings reports from Lululemon (LULU), GameStop (GME), and Dollar Tree (DLTR) are all due this week, with GameStop set to headline Tuesday’s releases.
LIVE 6 updates
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Trump Media partners with Crypto.com for ETFs, stock pops
Trump Media & Technology Group (DJT) stock popped 9% in premarket trading Tuesday after the company announced it was partnering with Crypto.com to launch a series of exchange-traded funds (ETFs) and products.
According to a press release, the ETFs will be available later this year pending regulatory approval and will offer digital assets and securities “with a Made in America focus.”
Trump Media operates the social media platform Truth Social and the streaming service Truth+. In late January, Trump Media said it was expanding into financial services under the Truth.Fi brand.
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Economic growth is ‘moderating’. But there’s no clear sign of a looming recession.
Yahoo Finance’s Josh Schafer reports:
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Good morning. Here’s what’s happening today.
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Chinese tech stocks on brink of correction as likes of Alibaba sink
A roaring rally in China’s top tech heavyweights like Alibaba (BABA, 9988.HK) has hit the brakes, pushing the stocks toward the correction territory where the Nasdaq 100 (^NDX) already lingers.
It’s a sharp reversal of fortunes for the Hong Kong-listed stocks, which have outperformed US tech megacaps as optimism for DeepSeek-like cheaper Chinese AI models grew.
Bloomberg reports:
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KB Home stock slides after downbeat forecast, earnings miss
Shares of KB Home (KBH) sank 7% in premarket trading after the homebuilder lowered its outlook for the year, as shrinking consumer confidence hits demand.
The company also reported first quarter revenue and profit that missed Wall Street estimates. It posted earnings per share of $1.49, versus $1.57 expected, and a 5.2% fall in revenue.
The company trimmed its projected 2025 housing revenue to $6.6 billion-$7 billion, compared with its previous range of $7 billion-$7.5 billion.
“Consumer confidence has declined sequentially each month for the past several months, and homebuyers are moving more slowly in making their purchase decisions,” CEO Jeff Mezger said on an analyst call after the report.
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Tesla struggles in Europe’s growing EV market as February sales slump
Tesla’s (TSLA) share of the European market has shrunk in year-on-year data for February. The decline in sales marks the second month in a row that Tesla has seen a drastic drop in European usage of the once-popular electric vehicle.
Reuters reports:
