S&P 500 record, tariff latest, Fed's FOMC minutes: 3 Things
US stock futures (ES=F, NQ=F, YM=F) slip Wednesday morning after top chip stocks pushed the S&P 500 (^GSPC) to close at a record high yesterday. Meta Platforms (META) stock also snapped its 20-day winning streak on Tuesday. President Trump unveiled a fresh batch of 25% tariffs on cars, semiconductors, and pharmaceutical imports that could come as late as April, alongside his proposed reciprocal tariffs and paused plans for a 25% levy on goods from Canada and Mexico, pending negotiations. Investors also await the release of the Federal Reserve's January FOMC meeting minutes and what they could signal about central bank officials' stance on interest rates. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.