5 Things to Know Before the Stock Market Opens | Global News Avenue

President-elect Donald Trump said he would impose 25% tariffs on products from Mexico and Canada and 10% on products made in China on his first day in office; U.S. stock indexes tumbled as investors digested the tariff vow Futures were little changed; Cole’s (korea association of science and technology) Shares are falling on weak results and news that the CEO will resign; Zoom Communications (ZM) shares fell despite better-than-expected quarterly results; and Intel (international trade center) received nearly $7.9 billion in CHIPS Act funding, but Qualcomm has reportedly cooled down on the idea of ​​acquiring the chipmaker. Here’s what investors need to know today.

1. Trump vows to impose tariffs on Mexico, Canada and China

President-elect Donald Trump said he will impose tariffs on products entering the country from Mexico, Canada and China, reflecting his realization campaign promises. Trump posted on his social media website Truth that on January 20, 2025, his first day as president, he will sign an executive order to impose a 25% tax on all products entering the United States from Mexico and Canada. % tariffs, citing rampant illegal immigration and drug trafficking. In another post, he said he would impose a 10% tariff goods made in chinabut did not specify a timetable for imposing the tax on imports.

2. U.S. stock index futures changed little due to Trump’s tariff proposals

U.S. stock futures were little changed as investors digested potential economic changes that could come from Trump’s announcement of tariffs. Believe it may help increase inflation. After a lackluster early session, the subsequent trading session Markets continue post-election rallyincluding a record closing price Dow Jones Industrial Averageits futures prices are moving lower. Futures are Nasdaq and S&P 500 Index Each rose about 0.3%. 10-Year Treasury Bond Yield Little change, still below the 4.3% level. Bitcoin (Bitcoin USD) fell over 1%, trading after retreat from $92,000 price levels recent high.

3. Kohl’s shares fall after weak results, news of CEO departure

Cole’s (korea association of science and technology) shares plunged 16% in premarket trading on Tuesday, a day after the company announced third-quarter earnings that missed estimates. Chief Executive Officer (CEO) tom kingsbury will Step down The struggling retailer has been in business for less than two years. Kingsbury, who was appointed CEO in February 2023, will step down on January 15 and be replaced by Michaels CEO Ashley Buchanan. The department store chain posted a profit of $22 million on revenue of $3.51 billion, while analysts polled by Visible Alpha expected profits of $29.8 million and $3.85 billion, respectively.

4. Zoom stock drops; company drops ‘video’ from name

Zoom Communications (ZM) even as shares of the remote video communications company fell 9% in pre-market trading Announced better than expected results third quarter. The company reported revenue up 4% year over year to $1.18 billion, beating Visible Alpha’s forecast, while its net profit of $207.1 million, or 66 cents per share, also beat estimates. Zoom raises full-year revenue forecast, makes adjustments Earnings per share (EPS)and reported adding new customers. It also announced that its name has changed from Zoom Video Communications to Zoom Communications as it focuses more on Artificial Intelligence (AI).

5. Intel receives nearly $7.9 billion in CHIPS Act funding; Qualcomm reportedly cool on acquisitions

Intel(international trade center) announced it will receive nearly $7.9 billion in government funding as part of CHIPS and the Science Act. Grant is less than disclosed March announcementbut the company also received $3 billion in Department of Defense funding to improve microchip production. at the same time, Bloomberg According to reports, Qualcomm executives (Qualcomm) is cooling off on the idea of ​​launching an acquisition of Intel. Intel shares were little changed in premarket trading.