US stock futures are pointing higher after indexes extended their selloff Tuesday, with Nasdaq futures nearly 1% above the previous day’s close. The S&P 500 and Dow Jones Industrial Average futures follow suit, up 0.9% and 0.6%, respectively.
Meanwhile, tariffs on steel and aluminum imports from the US took effect today, sparking retaliatory measures from the European Union worth €26 billion ($28 billion). The EU has announced its response to the US tariffs, citing the economic scope of the imposed taxes.
Inflation data is also due out this morning, with economists expecting February’s Consumer Price Index (CPI) to show a slight deceleration in inflation rates. The reading comes ahead of next week’s Federal Reserve interest-rate decision, where policymakers will consider inflationary pressures when evaluating borrowing costs.
Intel shares are surging by 8% premarket trading after reports emerged that Taiwan Semiconductor Manufacturing Company (TSM) is organizing a joint venture to take over Intel’s foundry division. The move could help turn around Intel’s struggling chipmaker fortunes.
Lastly, Adobe is expected to report improved first-quarter revenue and profit growth after the closing bell today. The graphics software maker is projected to show 11% year-over-year adjusted earnings per share and 9% year-over-year revenue growth from its artificial intelligence products.
Source: https://www.investopedia.com/5-things-to-know-before-the-stock-market-opens-march-12-2025-11695284