US stock futures rose sharply Tuesday after President Donald Trump said the start of 50% tariffs on goods from the European Union, which he threatened last Friday, would be delayed to July 9 at the bloc's request.
These stocks were poised to make moves Tuesday:
Apple was up 1.9% in the premarket session. The stock fell 3% on Friday after Trump threatened a 25% tariff on iPhones sold in the U.S. unless the devices are made domestically. The president added later in the day that he also would place levies on Samsung and other smartphone manufacturers that import to the country to ensure fairness. Trump added the tariffs potentially would start at the end of June.
Tesla shares were rising 2.7% even as the electric-vehicle maker's sales in Europe declined for a fourth straight month. The stock fell 3% last week, which ended a four-week winning streak. The Trump administration's tax-and-spending bill that was passed by the House of Representatives last week included measures that would require owners of electric and hybrid vehicles to pay annual fees, while the Republican-led Senate voted to revoke a California measure that banned the sale of new gasoline-powered cars by 2035.
Salesforce has resumed talks to acquire data-management software company Informatica, The Wall Street Journal reported, citing people familiar with the matter. The talks between the two companies fell apart in 2024. A transaction could be finalized as soon as next week, the people told the Journal. Salesforce rose 2.4% in premarket trading after declining 3.6% on Friday. Informatica rose 10.7%. It jumped more than 17% on Friday after reports of the potential deal were published late in the afternoon.
U.S. Steel was down 2.1% in premarket trading. The stock soared 21% on Friday after Trump announced a " planned partnership" with Japan's Nippon Steel, throwing his support behind a $14.1 takeover of U.S. Steel by Nippon Steel that was first floated in late 2023. The president said U.S. Steel's headquarters would remain in Pittsburgh and the partnership would create around 70,000 new jobs and add $14 billion to the economy over the next 14 months.
Boeing gained 1.6%. The aerospace giant and the Justice Department reached a tentative agreement for Boeing to pay $1.1 billion to avoid prosecution for two crashes of its 737 MAX jets that left 346 people dead, the Journal reported. The agreement means Boeing would avoid a trial, which was scheduled to start June 23.
Earnings reports are expected Tuesday from PDD Holdings, AutoZone, Heico, Okta, and Box Inc.
Reports are expected later in the week from Nvidia, Dell Technologies, Salesforce, Costco Wholesale, Marvell Technology, Zscaler, Synopsys, Veeva Systems, Agilent Technologies, HP Inc., Nutanix, Pure Storage, Dick's Sporting Goods, SentinelOne, Macy's, Abercrombie & Fitch, C3.ai, e.l.f. Beauty, Ulta Beauty, Li Auto, NetApp, MongoDB, Best Buy, and Gap.
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