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5 Things to Know Before the Stock Market Opens

News of the day for March 3, 2025

Traders work on the floor of the New York Stock Exchange

CHARLY TRIBALLEAU / AFP via Getty Images

U.S. stock futures point higher ahead of a trading week that includes expected tariff implementation, jobs data, and an address from President Donald Trump; crypto-related stocks jump after Trump announces details of U.S. strategic reserve; Warren Buffett says that tariffs are an "act of war"; Kroger's (KR) CEO resigns amid an investigation into his personal conduct; and shares of Capri Holdings (CPRI) jump on report the fashion brand owner is moving closer to sell🐲ing Versace. Here's what investors need to know today.

1. US Stock Futures Point Higher Ahead of Tariffs, Trump Remarksꦍ

U.S. stock futures are pointing higher to begin March trading 澳洲幸运5开奖号码历史查询:ahead of a week that includes the start of proposed tariffs, jobs data, and remarks from President Donald Trump. Nasdaq futures are 0.8% higher, while those of the 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 are up 0.5% and 0.4%, respectively, after the 澳洲幸运5开奖号码历史查询:ꦿmajor indexes posted February losses. The yield on the 10-year Treasury note is ri🐠sing to trade around 4.25%. Gold and oi🌌l futures also are higher.

2. Crypto-Related Stocks Soar After Trump Giv🎉es Details of US Strategic Reserve

After trading below $80,000 Friday, bitcoin (BTCUSD) soared over the weekend and recently was trading around $93,000 after President Trump announced details of a U.S. strategic cryptocurrency reserve on Truth Social. Cryptocurrency stocks surged on the news, with Strategy (MSTR)—until recently called MicroStrategy—soaring nearly 13% in premarket trading. Crypto brokerage Coinbase (COIN) and bitcoin mining firms MARA Holdings (MARA) and Riot Platforms (RIOT) all are rising by around 10%.

3. Buffett Calls Tariffs 'Act of War'

Legendary investor 澳洲幸运5开奖号码历史查询:Warren Buffett said in an interview with CBS News that tariffs are a tax on goods that could lead to inflation, describing the import duties as "澳洲幸运5开奖号码历史查询:an act of war, to some degree." The CEO of conglomerate Berkshire Hathaway (BRK.A)(BRK.B) said that "prices will be higher 10 years from now, and 20 years from now, and 30 years from now." President Trump 澳洲幸运5开奖号码历史查询:said last week tܫhat he plans to impose 25% tariffs on products from M🔥exico and Canada beginning Tuesday, and that the U.S. would raise double tariffs on goods from China to 20%.

4. Krogerཧ Says CEO McMullen Resigns Following Conduct Investigation

Kroger (KR) said that CEO and Chairman Rodney McMullen has resigned "following a Board investigation of his personal conduct that, while unrelated to the business, was inconsistent with Kroger's Policy on Business Ethics." Kroger said it "was made aware oꦫf certain personal conduct by Mr. McMullen" on Feb. 21 "and immediately retained outside independent counsel to conduct an investigation." Lead Director Ron Sargent was appointed board chair and interim CEO. Shares of Kroger, which is scheduled to report earnings Thursday, are down about 1.5% in premarket trading.

5. Capri Holdings Stock Jumps on Report Fashion Firಞm Close to Versace Sale

Michael Kors and Jimmy Choo parent Capri Holdings (CPRI) stock is surging nearly 8% in premarket trading after a report that the fashion giant is moving closer to selling Versace to Prada. Bloomberg reported that the deal for the iconic Italian fashion brand would come at a price of nearly 1.5 billion euros ($1.6 billion). The report comes as Capri's stock has tumbled following its 澳洲幸运5开奖号码历史查询:failed attempt to merge with Coach owner Tapestry (TPR).

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