In This Article:
US stock futures (ES=F, NQ=F, YM=F) are mixed Tuesday morning as President Trump announces that tariffs on Canadian and Mexican imports should roll out "on time."
Home Depot (HD) shares react to the home improvement retailer's fourth quarter earnings and revenue beat. Wall Street awaits the release of Nvidia's (NVDA) fourth quarter results after the market close on Wednesday, February 26.
Bitcoin (BTC-USD) sinks below $89,000, dragging down crypto exchange and mining stocks into the red in this morning's pre-market trading session.
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.
Welcome to Yahoo! Finance's flagship show, The Morning Brief. I'm Shauna Smith, alongside Brad Smith.
Let's bring you the three things that you need to know this morning. Good morning, everyone. First up, stock futures wavering this morning after the S&P 500 closed lower in Monday's session, extending its decline after the benchmark saw its worst selloff this year. Investors grappling with potential growth headwinds here posed by the Trump administration's tariff plans, which the president says are, quote, on time and moving along very rapidly, following an initial delay.
Plus, investors digesting the latest earnings ahead of Nvidia results tomorrow. Home Depot rising this morning, despite the world's biggest home improvement retailer expecting sales to rise by less than expected this year as consumers remain cautious on large home projects. Meanwhile, Nvidia out tomorrow after the bell. Investors will be closely watching for the potential impact of chip curbs on China, following a Bloomberg report that the Trump administration is looking to toughen Biden-era rules.
And the selloff in crypto gathering steam this morning, with Bitcoin dropping below $90,000 to its lowest level since November. Macro pressures on risk assets fueling the drop, as well as souring sentiment following the biggest ever crypto hack, targeting exchange, Bybit.
