Stock futures plummeted in premarket trading on Friday as investors waited for economic data releases and evaluated the latest tariff proposals. The Dow Jones Industrial Average fell 0.3%, while the Nasdaq declined 1.5%. Major market indexes were poised to post gains for the week.
The latest tariffs announced by President Trump have been delayed, which may encourage investors. However, the delay came after the president signed an executive order instructing agencies to review tariffs applied to U.S. exports in order to find how they could be evenly matched. Some experts interpreted this as a sign that tariffs on U.S. imports may not be as steep as originally thought.
In contrast, retail sales are expected to contract in January, according to economists surveyed by The Wall Street Journal and Dow Jones Newswires. Consumers are forecasted to decrease their spending by 0.2%, down from the 0.4% increase registered in December.
Airbnb shares soared 14% after the company turned a profit in its quarterly report and grew its revenue by 12%. Meanwhile, bitcoin traded around $97,000 as market watchers evaluated corporate developments related to cryptocurrency, including GameStop’s consideration of making investments into cryptocurrencies like bitcoin.
Source: https://www.investopedia.com/5-things-to-know-before-the-stock-market-opens-february-14-2025-11679907