Tax bill, Target earnings, Nvidia on chip curbs: 3 Things
Stock futures (ES=F, NQ=F, YM=F) slip further in Wednesday's pre-market trading after equities (^DJI, ^IXIC, ^GSPC) snapped their recent win streak and US bonds (^TYX, ^TNX, ^FVX) surge around the Republican tax bill being negotiated amongst Washington lawmakers. In its latest release, Target (TGT) missed first quarter earnings estimates amid worries for a consumer slowdown and tariff worries communicated by other retailers. Nvidia (NVDA) CEO Jensen Huang urges US officials to ease curbs on AI chip exports to China. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.