S&P 500, Dow Jones Industrial Dock, Nasdaq futures stalls, with fresh tariffs, sent to key minutes

U.S. stock futures were lower on Wednesday as investors weighed President Trump’s latest 25% tariff Salvo and waited for the Fed’s minutes to see future policies.

Futures for the S&P 500 (ES = F) and the Dow Jones Industrial Average (YM = F) are about 0.1%. The contract on the high-tech Nasdaq 100 (NQ = F) happens to be on the plane line.

Markets are captured as they wait for President Trump’s threatened tariffs to show their real impact. But stocks have managed to maintain widespread optimism: The S&P 500 (^GSPC) scored a new record on Tuesday in a dramatic rally 10 minutes before the market shutdown.

This shows that the stock market may prove resilient in the face of Trump's rapid-growing trade policy overhaul. Later on Tuesday, another tariff threat was the president's extra duty on cars, chips and pharmaceuticals. He said the flat tariff "near 25%" will apply to all foreign automakers and will begin on April 2.

CBOT-Delayed Quotation Dollar

As of 8:21:17 am ET. The market is open.

ym = f es = f nq = f

Meanwhile, investors stepped carefully and counted the minutes released at the Fed's January meeting on Wednesday. The focus is on policy makers’ perceptions that Trump’s tariffs can stimulate inflation and what this means for the opportunity to cut tax rates. In recent days, Fed officials reiterated their expectation to put interest rates on hold when assessing the economic situation.

As the revenue season narrows, Etsy (Etsy) and Carvana (CVNA) will release results on Wednesday. Meanwhile, Microsoft (MSFT) and Apple (AAPL) will release product announcements later that day.

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Etsy stock falls after holiday sales

Etsy (Etsy) shares in the former market trading about 6% after holiday sales in online markets failed to meet Wall Street estimates.

The fourth quarter revenue was $852.2 million, while the estimated $862.8 million was due to the popularity of spending on gifts and handmade goods. The company said it still grew 1.2% in FR Q4 due to the strength of Etsy advertising.

Another key metric - the merged Total Commodity Sales (GMS) - also missed the $3.74 billion trademark, compared to the expected $3.88 billion. GMS represents the total value of all items sold on the Etsy platform.

The decline in revenue data was eclipsed with earnings per share of $1.03, up from analysts' estimate of $0.93.
European stock retreat as a lump, tariff loom

Record-breaking rally in European stocks hit the wall on Wednesday as disappointing revenues aggravated by cautiousness over Trump’s plans for cars, chips and drug tariffs.

The Pan-European STOXX 600 (^stoxx) index retreated 0.5% after closing at its all-time high on Tuesday. Philips (Phg, Phia.as) shares fell more than 10% after medical machine manufacturers predicted sales declines.

In London, the FTSE 100 index (^ftse) glided 0.4%, a surprise of inflation, to its highest level in 10 months, hoping to lower interest rates.

Elsewhere, Germany's DAX (^gdaxi) sank 0.8%, while Paris's CAC (^fCHI) retreated 0.7%, due to concerns about security and trade and tariff threats and warming in U.S.-Russian relations Establishing concerns.
Trump plans to start tariffs on cars by 25% in early April

President Trump has put its tariffs on imports of cars, chips and pharmaceuticals, and announced Tuesday night that it imposed at least 25% additional duties.

Reuters report:

Automakers around the world, including the United States, are already at risk of Trump’s already announced Mexican tariffs that would hit their factories. Stellantis (STLA)'s U.S. listed stocks glided more than 2% in previous market trading on Wednesday, while Toyota (TM) fell 1%. Volkswagen (VOW3.DE) returned more than 2% in Europe.

Learn more about the planned tariffs here.
Good morning. This is what happened today.
Asian stocks are down

Asian markets plummeted, reversing a five-day rally under pressure from President Donald Trump and the sustainability of a $1 trillion rally on Chinese stocks.

Bloomberg Report:

Read more here.
HSBC beats market expectations for profits and announces stock buybacks

HSBC (HSBC) has released its report since the previous quarter, with annual profits of multinational companies rising by 6.6% - beating market expectations and interest rates falling.

Reuters report:

Read more here.
Oil gains when US-Russia peace talks gain traction

Oil pushes upward against the backdrop of the Ukrainian-Russian War and continues to cause oil damage. The market is expected to respond quickly to US-Russia peace talks amid growing conditions.

From Reuters:

Read more here.

Etsy stock falls after holiday sales

European stock retreat as a lump, tariff loom

Trump plans to start tariffs on cars by 25% in early April

Good morning. This is what happened today.

Asian stocks are down

HSBC beats market expectations for profits and announces stock buybacks

Oil gains when US-Russia peace talks gain traction