U.S. stock futures point higher after indexes extended their selloff Tuesday; U.S. steel and aluminum tariffs kick in; CPI data released this morning is expected to show that inflation slowed in February; Intel (INTC) shares are jumping in premarket trading on a report that Taiwan Semiconductor Manufacturing Company (TSM) was organizing a joint venture to take over the struggling chipmaker's foundry division; and Adobe (ADBE) is expected to report first-quarter revenue and prof⛄it growth after the closing bell. Here's what investors need to know today.

1. US St🧸ock Futur๊es Gain After Indexes Extended Selloff Tuesday

U.S. stock futures are pointing higher after indexes 澳洲幸运5开奖号码历史查询:extended their selloff Tuesday. Nasdaq futures are nearly 1% higher, while 澳洲幸运5开奖号码历史查询:S&P 500 and 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average futures are up 0.9% and 0.6%, respectively. Bitcoin (BTCUSD) iꦦs little changed at just below $83,000, while the 10-year Treasury noteღ yield is slightly higher at around 4.3%. Oil futures are about 1% higher. Gold futures are flat.

2. EU Hits Back as US Steel, Aluminum 𓆉Tariffs Take Effect

Tariffs of 25% on all 澳洲幸运5开奖号码历史查询:steel and aluminum imports into the U.S. took effect today, with no exceptions for the import tax that could 澳洲幸运5开奖号码历史查询:add costs for car makers, home builders, equipment production and packaging. Today's implementation follows a turbulent trading session during which the U.S. and Canada threatened to add even higher tariffs before backing off. The 澳洲幸运5开奖号码历史查询:European Union announced 26 billion euros ($28 billion) in 澳洲幸运5开奖号码历史查询:retaliatory tariffs against the U.S. "This matches the economic scope of the tariffs from the United States," EU president Ursula von der Leyen said.

3. CPI Data Expected to ꦬShow Inflation Slow𒀰ed Slightly in February

Inflation in February is 澳洲幸运5开奖号𝔉码历史查询:expected to have decelerated slightly when that data is released at 8:30 a.m. ET today. The 澳洲幸运5开奖号码历史查询:Consumer Price Index (CPI) is projected to show February inflation rose an annual rate of 2.9%, a tick lower than January's reading of 3.0%, according to economists surveyed by The Wall Street Journal and Dow Jones Newswires. The reading comes ahead of next week's 澳洲幸运5开奖号码历史查询:Federal Reserve interest-rate decision, where the central bank will 澳洲幸运5开奖号码历史查询:consider inflationary pressures when evaluating where to set borrowing costs.

4. Intel Stock Jumps on Foundry Joint Venture Report🦹

Intel (INTC) shares are 澳洲幸运5开奖号码历史查询:surging by 8% in premarket trading after a report that a group of companies could take over the struggling chipmaker's foundry division. Reuters reported that Taiwan Semiconductor Manufacturing Company (TSM) has approached U.S. chip designers Nvidia (NVDA), Advanced Micro Devices (AMD), and Broadcom (AVGO) about forming a joint venture to own and run Intel's foundry division. According to Reuters, the Trump administration has asked TSMC for help in turning around Intel, whose shares have lost about 55% of their value in the past 12 months entering Wednesday.

5. Adobe Expected😼 to Report Q1 Revenue, Profit Growth After Bell

Adobe (ADBE) is expected to 澳洲幸运5开奖号码历史查询:release its first-quarter&nbs🍌p;results after the closing bell today, with the graphics software maker projected to show improving revenue and profits from its 澳洲幸运5开奖号码历史查询:artificial intelligence (AI) products. The Creative Cloud developer is expected to report adjusted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) that rose 11% year-over-year to $4.97 on revenue that increased by 9% to $5.66 billion. The report comes ahead of next week's Adobe Summit, where the firm is expected to provide more updates on its Firefly generative AI platform. Adobe shares are 0.7% higher inꦯ premarket trading.