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Here are three of the stories Wall Street is watching on Monday, April 14.
Futures (ES=F, NQ=F, YM=F) are rising after President Trump excluded a number of electronic goods from his reciprocal tariffs.
Goldman Sachs (GS) shares are on the rise after posting better-than-expected Q1 results.
Meta (META) faces off against the Federal Trade Commission in court.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
Let's get to the three things that you need to know today.
First up, stock futures pushing higher this morning amid temporary tariff relief from the White House. The exclusions published late last week narrow the scope of trade levies by excluding smartphones, laptop computers, hard drives, computer processors, and more from President Trump's sweeping tariffs on imports from countries like China and India. Shares of Apple and Nvidia powering higher today on the back of the news despite a warning from Trump that sectoral tariffs will soon hit those exempted technology products.
Plus Goldman Sachs shares powering higher after its stock traders posted their highest quarterly revenue haul on record. The bank joining peers like Morgan Stanley and JP Morgan who also posted record trading hauls induced by market volatility. Meanwhile, Goldman Sachs CEO David Solomon saying the bank is entering into a very different environment for the second quarter, but he's confident in its ability to serve clients.
And Meta's blockbuster antitrust trial kicking off today. The social media company will face off against the FTC in a high stakes trial that could result in the company divesting Instagram and WhatsApp. Kicking off in Washington, it is expected to last weeks and centers around the FTC's allegations that Meta monopolizes the personal social networking market following its acquisitions of Instagram and WhatsApp. Meta CEO Mark Zuckerberg and former COO Sheryl Sandberg are expected to take the stand at the trial as they argue that they are not a monopoly.
