U.S. stock futures are dropping as investors review the White House announcement of tariffs on Canada, Mexico, and China; bitcoin falls near $95,000 on risk-off sentiment, dragging crypto-related stocks lower; Palantir (PLTR) shares are falling in premarket trading ahead of its earnings report today; Nvidia (NVDA) shares slip further after a 16% drop last week; and shares of global automakers—including "Big Three" U.S. firms General Motors (GM), Stellantis (STLA), Ford Motor (F)—are sinking on worries about🉐 added costs from the tariffs. Here's what investors need to kܫnow today.
1. US Stock Futures S🧜ink as Investors Brace for Tar𝓡iffs
U.S. stock futures are pointing sharply lower as investors digest President Donald Trump's move to place tariffs on Canada, Mexico, and China. Ahead of February’s first trading day, Nasdaq futures are 2% lower, 澳洲幸运5开奖号码历史查询:S&P 500 futures are down 1.7%, and 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average futures are 1.5% lower. Over the weekend, Trump announced 25% tariffs on goods🐼 from Canada and Mexico and a 澳洲幸运5开奖号码历史查询:10% tariff on Chinese imports, which are effective Tuesday. With oil imports included ꦕin the tariffs, oil futures are 2.5% higher, and the dollar is surging against the euro and pound. Yields on the 10-year Treasury note and gold futures 🌌are little changed.
2. Bitcoin, Crypto-Related Stocks Fall Amid Ri🌱sk-Off Sentiment
Bitcoin (BTCUSD) has 澳洲幸运5开奖号码历史查询:dropped to near $95,000 amid 澳洲幸运5开奖号码历史查询:risk-off sentiment following the tariffs announcement. The cryptocurrency had traded above $105,000 Friday. Crypto-related stocks also are moving lower, with bitcoin buyer MicroStrategy (MSTR) and brokerage Coinbase (COIN) each declining by more than 6% in premarket trading. Shares of bitcoin mining firms Riot Platforms (RIOT) and MARA Holdings (MARA) are down about 7% and those of online trading platform Robinhood Markets (HOOD) are 5% lower.
3. Palantir Stock Drops Ahead of Ea🔴rnings Report
Palantir Technologies (PLTR) shares around about 2% lower in premarket trading ahead of its earnings report scheduled for after markets close today. The stock's decline comes amid broader market weakness and analyst skepticism around the software maker. None of the 13 analysts covering the stock tracked by Visible Alpha 澳洲幸运5开奖号码历史查询:expect the st🀅ock has further to rise, with their consensus 澳洲幸运5开奖号码历史查询:price target of $50 nearly 40% below the stock's record-high close of $82.49 Friday amid concerns it could be overvalued. The stock has nearly quintupled in value over the past 12 months on demand for the company's 澳洲幸运5开奖号码历史查询:Artificial Intelligence Platform.
4. Nvidia Stock Fa♍lls Further After 16% Drop Last We💖ek
Nvidia (NVDA) stock is 4% lower in premarket trading as the chipmaker's shares continue to decline in the wake of Chinese AI developments. Nvidia's stock sank 16% last week after the 澳洲幸运5开奖号码历史查询:release of the Chinese-ma♏de DeepSeek AI mꦯodel, which showed strong performance despite limited funding and chip power. Nvidia 澳洲幸运5开奖号码历史查询:CEO Jensen H🔜uang met with 𝓀President Trump Friday following reportsꦚ that the White House could be considering further tightening restrictions on sales of advanced U.S. chips to Ch🦩ina.
5. Automaker Stocks Sink on Tariffs Worries
The 澳洲幸运5开奖号码历史查询:"Big Three" U.S. automakers—General Motors (GM), Jeep parent Stellantis (STLA), and Ford Motor (F)—are slumping roughly 8%, 5%, and 4.5%, respectively, as investors anticipate 澳洲幸运5开奖号码历史查询:increased supply-chain costs from the tariffs. U.S. electric vehicle maker Tesla (TSLA) shares are declining 3%. Shares of Japanese auto manufacturers, which have supply chains in Canada and Mexico, also dropped. Toyota Motor's (TM) U.S.-listed shares are down 3% in premarket trading, while Honda Motor's (HMC) are down 6%. Nissan Motor shares closed nearly🐭 6% low🎐er in Tokyo trading.