U.S. stock futures are pointing higher as investors digest remarks from Commerce Secretary Howard Lutnick that tariffs on Canada and Mexico could be reduced in a deal announced today; CrowdStrike (CRWD) shares are sinking in premarket trading after the cybersecurity firm delivers a disappointing outlook; The Walt Disney Co. (DIS) reportedly will be laying off 6% of its ABC News and Disney Entertainment Networks unit staff; and Best Buy (BBY)💝 shares are rebounding mildly after plummeting yesterday on a warning that tariffs could impact sales. Here's what investors need to ﷺknow today.
1. US Stock Futures Point Higher on Hopeꦅs ofౠ Tariffs Deal Following Market Selloff
U.S. stock futures are pointing higher on hints that the U.S. could announce a modification of the tariffs imposed yesterday on Mexico and Canada, following a session where markets 澳洲幸运5官方开奖结果体彩网:delivered broad-based declines on worries over the import duties. Nasdaq futures are 0.5% higher, while those affiliated with the 澳洲幸运5官方开奖结果体彩网:S&P 500 and 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average are up by 0.4% and 0.3%, respectively. Bitcoin (BTCUSD) is moving higher to trade slightly above $90,000. Yields on the 10-ye🐲ar Treasury note are little changed. Gold futures are higher. Oil futures are dropping nearly 2%.
2. Lutnick Signals Canada, Me﷽xico Tariffs Deal as Trump Promotes Economic Plan
Markets reacted positively to 澳洲幸运5官方开奖结果体彩网:remar�꧑�ks from Commerce Secretary Howard Lutnick, who said both before and after 澳洲幸运5官方开奖结果体彩网:Pܫresident Donald Tru🧜mp’s address to Congress that a deal to reduce the 25% tariffs on Canada and Mexico could be announced Wednesday. Trump told Congress the tariffs are necessary. "Tariffs are not just about protecting American jobs, they're about protecting the soul of our country," said Trump, who also called for Congress to eliminate taxes on Social Security benefits, tips, and overti🅘me pay.
3. CrowdStrike Stock Sinks on Weak Outlook
CrowdStrike (CRWD) stock is sinking nearly 8% in premarket trading after the cybersecurity firm 澳洲幸运5官方开奖结果体彩网:projected earnings that fell short of analysts' estimates. The firm sees fiscal 2026 adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $3.33 to $3.45, well below the Visible Alpha consensus of $4.23. CrowdStrike's fourth-quarter EPS of $1.03 on revenue that grew 25% year-over-year to $1.06 billion beat expectations. Its stock has gained about 14% since the start of the year through yesterday's closing bell, hitting a record high last month.
4ꦅ. Disney to Lay Off 6% of News, Entertainment Unit Staff, Report Says
The Walt Disney Co. (DIS) will lay off about 200 executives at its ABC News Group and Disney Entertainment Networks unit as early as today, The Wall Street Journal reported, citing people familiar with the matter. The layoffs would amount to 6% of the combined staff of the two divisions, the Journal said, and would come after several staff reductions over the last few years at the entertainment giant as it looks for savings amid streaming competition. Disney did not immediately respond to an Investopedia request for comment. Shares are little changed in premarket tra💙ding.
5. Best Buy Stock๊ Rebounds Mildly After Plunging on Tariff Fear𝔉s
Best Buy (BBY) shares are up 1% in premarket trading after plunging 13% yesterday as the retailer warned that tariffs and inflation would nega🐼tively impac😼t sales. CEO Corie Barry said that the company anticipated that tariff costs would be passed on to retailers and that there was uncertainty around the import taxes. Best Buy shares sank Tuesday to lead S&P 500 decliners even though the company posted fourth-quarter adjusted EPS, revenue, and 澳洲幸运5官方开奖结果体彩网:comparable store sales that were all higher than analysts' estimates.