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Dow, S&P 500, Nasdaq futures slip as investors weigh week of Trump tariffs, retail data

MNK NewsBy No Comments5 Mins Read


US stock futures took a breather on Friday as investors weighed a busy week of tariff hikes and inflation updates, as fresh retail data and earnings reports rolled in.

Dow Jones Industrial Average futures (YM=F) slipped roughly 0.2%, while S&P 500 futures (ES=F) traded flat. Contracts on the tech-heavy Nasdaq 100 (NQ=F) were also little changed after Thursday’s sharp gains.

Markets are taking a pause for more thought about this week’s fast-moving stream of policy shifts from President Donald Trump. These ranged from 25% tariffs on steel and aluminum, to Ukraine peace talks with Russia, to a review of CHIPS Act terms for projects.

But stocks are still on track for solid weekly wins, having jumped on Thursday as Wall Street welcomed a delay in implementation of reciprocal tariffs. The S&P 500 (^GSPC) is now eyeing a fresh all-time high after closing just shy of the 6,118.71 record.

Retail sales booked their biggest monthly drop in a year to start 2025, down 0.9% in January — significantly below the 0.9% expected. The reading out Friday wrapped up a week of key data, with inflation top of mind for Wall Street following two hot reports that dragged on hopes for interest rate cuts.

Among the big pre-market stock movers, Airbnb (ABNB) shares jumped after the travel company beat analyst expectations. GameStop (GME) shares popped amid speculation the games retailer will move into bitcoin. On Friday, Moderna (MRNA) posted a bigger earnings loss than expected, sending down shares of the struggling vaccine maker.

LIVE 7 updates

  • Jenny McCall

    Tesla’s $400 billion slide: Why Wall Street says ‘buyer beware’

    Tesla Inc. (TSLA) has lost a quarter of its value in less than two months — wiping out roughly $400 billion from a rip-roaring post-election rally. While some investors might see this as an opportunity to buy the dip, Wall Street remains cautious.

    Bloomberg News reports:

    Read more here.

  • Trump said to be set to change US CHIPS Act deals, delaying funding

    The Trump administration is reportedly looking into renegotiating the terms for some awards under the CHIPS Act, meaning that some upcoming funding handouts will be delayed.

    The White House is said to be reviewing projects given backing under the Biden-era effort, which aims to lift US production of chips via up to $39 billion in subsidies.

    Many of the biggest recipients — which include Intel (INTC), TSMC (TSM), Samsung Electronics (005930.KS, SSNLF) and SK Hynix (000660.KS, HXSCL) — have major manufacturing facilities in China.

    Reuters reports:

    Read more here.

  • Coinbase earnings: What Wall Street is saying

    Yahoo Finance’s Brian Sozzi reports:

    Coinbase (COIN) cashed in for the final quarter of 2024.

    Shares of the crypto exchange fell slightly to $295.18 each in pre-market trading on Friday, despite a better-than-expected earnings report the night before.

    The pullback in the stock likely reflects its mixed guidance for the first quarter, where an increase in marketing spending could bring a sequential step-down in profit margins.

    But the chatter on Wall Street is that the stock’s muted reaction shows watchers are missing the forest for the trees.

    “We think management guided conservatively for the first quarter,” JP Morgan analyst Ken Worthington said in a client note.

    Read more here.

  • China invites Jack Ma and DeepSeek founder to meet top leaders

    Beijing has invited Alibaba’s (BABA, 9988.HK) Jack Ma, DeepSeek’s founder and other entrepreneurs to meet China’s top leaders, including President Xi. Next week’s meeting signals a major shift from a five-year push to rein in China’s billionaires and the private sector.

    Gains for Alibaba shares in Hong Kong helped boost the Hang Seng China Enterprises Index (^HSCE) to a 4.1% closing gain on Friday — its biggest since February 2022.

    Bloomberg reports, citing people familiar with the matter:

    Read more here.

  • Good morning. Here’s what’s happening today.

  • Trending tickers in after-hours trading on Friday

    AirBnB (ABNB)

    Shares of Airbnb soared over 14% in extended trading following stronger-than-expected Q4 profit, with revenue rising 12% to $2.5 billion and net income of $461 million. Bookings grew 12% to 111 million, while gross booking value climbed 13% to $17.6 billion, surpassing analyst expectations.

    GameStop (GME)

    GameStop (GME) shares surged nearly 10% in after-hours trading on Thursday following reports that the video game retailer is considering investing in cryptocurrencies, including bitcoin (BTC-USD). The company has been tied into cryptocurrencies for years, hitting all-time highs among meme-stock resurgence.

    Palo Alto Networks (PANW)

    Palo Alto Networks slumped 5% after the market closed Thursday. The company had popped during trading hours following its full-year revenue forecast on Thursday, anticipating strong demand for its cybersecurity solutions amid growing online threats — only to miss earnings in mixed quarterly results.

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

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

    This upward revision is largely attributed to strong performance in its gaming division, with a 37% rise in quarterly profit and robust sales of PlayStation 5 units.

    Bloomberg reports:



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