US stock futures steadied on Tuesday after a sharp selloff in the previous session, as investors digested President Donald Trump’s latest tariff announcements. The biggest premarket movers were Target, Best Buy, Tesla, AutoZone, Honeywell, Amazon, and Microsoft.
Target fell 1.8% after a cautious outlook for sales growth was unveiled, citing uncertainty over Trump’s trade policy. Best Buy fell 1% despite a surprise rise in quarterly comparable sales during the holiday shopping season. Tesla plummeted 3.9% as China-made electric vehicle sales dropped 49.2% in February.
In contrast, AutoZone rose 1.1% on mixed second-quarter results, while Honeywell fell 0.8% after announcing a $2.16 billion acquisition deal. Amazon dropped 1.2% after Business Insider reported on an artificial intelligence model that could compete with established firms like OpenAI and Anthropic.
Microsoft’s stock fell 1.4% due to technical analysis suggesting a potential 15%-20% downside. Illumina’s shares tumbled 2.9% as China banned imports of genetic sequencers from the medical equipment maker. Taiwan Semiconductor Manufacturing rose 0.6% after unveiling a fresh $100 billion investment in the US.
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Source: https://www.investing.com/news/stock-market-news/target-best-buy-and-tesla-fall-premarket-autozone-rises-3905540