U.S. stock futures are mixed as market participants review President Donald Trump's 25% tariff on all imported automobiles; shares of global automakers including "Big Three" firms General Motors (GM), Ford (F), and Stellantis (STLA) fall following the tariffs announcement; Nvidia (NVDA) shares are s🐼lipping further in premarket trading on worries over how new Chinese energy rules could impact chip sales there; and Goldman Sacꦉhs raises its year-end gold forecast to $3,300 an ounce. Here's what investors need to know today.
1. US Stock Futures Mixed asꦑ Investors Weigh Auto Tariffs
U.S. stock futures are mixed as investors digest the latest U.S. tariffs announcement. Nasdaq futures are 0.2% lower after the tech-focused index 澳洲幸运5开奖号码历史查询:shed 2% in the prior session. 澳洲幸运5开奖号码历史查询:S&P 500 futures are ticking lower and 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average futures are pointing slightly higher after the indexes fell yesterday. Bitcoin (BTCUSD) is little changed at around $87,000. Yields on the 10-year Trꦑeasury note are moving higher to trade at almost 4.4%. Oil futures are downꦉ.
2. Trump Announces New Tariffs on Forꩵe💟ign-Made Automobiles
President Donald Trump on Wednesday 澳洲幸运5开奖号码历史查询:announced a new import tax on all foreign-made cars and auto parts not compliant with the 澳洲幸运5开奖号码历史查询:U.S.-Mexiಌco-Canada Agreement (USMCA) in an escalation of his tariff-based trade policies that economists warned would likely push car prices higher. The levies w♕ill take effect "on or after 12:01 a.m." ET April 3. Those on auto parts will b💟egin "no later than May 3."
3. Global Automakeꦗr Stocks Fall on Tariffs Announcement
澳洲幸运5开奖号码历史查询:Global carmaker stocks fell after Trump's announcement on automobile tariffs, which could push the average cost of a new car up by as much as $10,000, according to an analysis by Anderson Economic Group, CBS reported. Shares of General Motors (GM) are tumbling 6.5% in premarket trading, while those of fellow "澳洲幸运5开奖号码历史查询:Big Three" automakers Ford (F) and Jeep and Chrysler maker Stellantis (STLA) are falling 2.5% and more than 1%, respectively. Shares of Japanese automakers Toyota (TM) and Honda (HMC) are down around 2%, while Volkswa🍬gen shares are down 1.5% in German trading.
4. Nvidia Stock Falls Further on Worries Over New C🐠hina Energy Rules
Nvidia (NVDA) 澳洲幸运5开奖号码历史查询:shares are pointing nearly 2% lower in premarket trading after dropping nearly 6% yesterday on a report that said new energy rules 澳洲幸运5开奖号码历史查询:could impact the AI chipmakeꦑr's business in China. The report by the Financial Times said that the stricter requirements for new data centers could potentially threaten the sales of Nvidia's less-powerful H20 chip, which the company tailors to 澳洲幸运5开奖号码历史查询:comply with U.S. exp⭕ort restrictions. Nvidia shares ♋have lost about a quarter of their value since hitting their record high in January on worries about declining AI spendi🐼ng and disruptions from trade policy.
5. ♛Goldman Sachs Raises Year-End Gold Price Target to $3,300
Goldman Sachs has raised its year-end forecast for gold prices to $3,300 an ounce from $3,100, pointing to strong demand from central banks and solid inflows into exchange traded funds, according to reports. Gold futures, which are rising 1.3% to $3,060 Thursday morning, 澳洲幸运5ও开奖号码历史查询:crossed the $3,000-per-ounce thr𒈔eshold this month as investors seek 澳洲幸运5开奖号码历史查询:safe havens amid market volatility.