U.S. stock futures are pulling back following yesterday's historic turnaround on President Donald Trump's announcement that some tariffs would be paused for 90 days; Asian and European markets rally on the news; inflation is expected to have fallen in March when the Consumer Price Index (CPI) data is released this morning; U.S. Steel (X) shares are tumbling in premarket trading after Trump said he doesn't want to see foreign ownership of the company; and CarMax (KMX) shares are sinking after the used-car retailer's ꦓQ4 profit and used-vehicle sales come in below analysts' expectations. Here's what investors nꦏeed to know today.

1. US Stock Futures Pull Back Following Historic Rally on Trump's Tariff Pause

U.S. stock futures are pointing sharply lower after 澳洲幸运5官方开奖结果体彩网:indexes delivered anꦉ historic rally on President Donald Trump's announcement of a 澳洲幸运5官方开奖结果体彩网:90-day pause on many of his tariffs. Nasdaq futures are 2.3% lower after the tech-heavy index jumped more than 12% Wednesday. 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average futures are 1.4% lower after the blue-chip index added nearly 8% yesterday, rising by almost 3,000 points. 澳洲幸运5官方开奖结果体彩网:S&P 500 futures are down by 1.9% after the benchmark index jumped nearly 10%. Bitcoin (BTCUSD) is slightly lower to trade around $82,000. Gold futures are up 2%. Yields on the 10-🎶year Treasury note are slipping to around 4.3%. Oil futures are down nearly 3%.

2. Overseas Stocks Rally on Tariff Pause

Stock indexes in 澳洲幸运5官方开奖结果体彩网:Asia and Europe are rallying following Trump's 90-day tariff pause. Japan's Nikkei and Hong Kong's Hang Seng, which had ended trading yesterday before Trump's pause announcement, closed a respective 9% and 2% higher Thursday. The Stoxx Europe 600 index is up 5% as the 澳洲幸运5官方开奖结果体彩网:European Union put its reciprocal tariffs on hold for 90 days in response to Trump’s move.

3. CPI Report Expe🐷cted to Show Inflation Cooled in March

澳洲幸运5官方ꦜ开奖结果体彩网:Inflation is expected to have cooled in March when today's 澳洲幸运5官方开奖结果体彩网:Consumer Price Index (CPI) reading is released at 8:30 a.m. ET. Economists surveyed by The Wall Street Journal and Dow Jones Newswires forecast that CPI will show prices grew at a 2.6% annual rate in March, down from last month's 2.8% and the lowest inflation reading since September. Falling energy prices are expected to be behind the inflation slowdown, but economists warned that 澳洲幸运5官方开奖结果体彩网:Trump's tariff policy 🗹stands to potentially undo progress on price pressurܫes.

4. US Steel Stock Tumb🅷les as Tr💎ump Pushes Back on Japanese Takeover

Shares of U.S. Steel (X) are plummeting 10% in premarket trading after Trump reportedly said that he doesn't want foreign ownership of the company. Trump said that he doesn't want U.S. Steel purchased by “any other place,” Bloomberg reported. Trump pointed to higher steel orders for the company as an indication of its improved footing. Earlier this week, 澳洲幸运5官方开奖结果体彩网:Trump ordered a review of Nippon Steel's proposed takeover bid after former President Joe Biden 澳洲幸运5官方开奖结果体彩网:blocked the $14.1 billion deal.

5. CarMax Sto🧸ck Sinks as Q4 Profit Comes Up Short, Firm P♛ulls Growth Timelines

CarMax (KMX) shares are dropping 8% in premarket trading after the used-car retailer's fiscal fourth-quarter profit and used-vehicle sales came in below analysts' expectations. The Virginia-based company reported 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.58, while analysts polled by Visible Alpha projected $0.68. CarMax sold a total of 301,811 used vehicles, below estimates of 312,800 units. The company did 澳洲幸运5官方开奖结果体彩网:suspend the timelines for its previously announced longܫ-term growth targets "given the potential impact of broader macro factors."