Tariff updates came out of China and the EU
Stocks are higher before the bell this morning, with Dow Jones Industrial Average (DJI) futures up 276 points following yesterday's 1,000-point drop. The market saw pressure after China lifted its retaliatory tariffs on the U.S. to 125% from 84%, but was boosted after the European Union (EU) said its trade representative was flying to Washington Sunday to "try and sign deals."
Investors are also unpacking this morning's inflation data. The producer price index (PPI) fell 0.4% in March -- its first monthly decline in 17 months -- thanks to easing oil prices, bringing the annual rate down to 2.7%. Meanwhile, core PPI rose 0.1%, putting the 12-month pace at 3.4%.
Continue reading for more on today's market, including:
- How Infosys stock is faring ahead of next week's earnings report.
- 2 fintech stocks feeling the heat from tariff jitters.
- Plus, gold stock upgraded; and 2 notable bank earnings.
5 Things You Need to Know Today
- The Cboe Options Exchange (CBOE) saw more than 1.8 million call contracts and over 1.4 million put contracts exchanged on Thursday. The single-session equity put/call ratio came in at 0.76, while the 21-day moving average remained at 0.59.
-
Newmont Corporation (NYSE:NEM) stock is up 3.2% premarket, after UBS upgraded shares of the
gold miner to "buy" from "neutral." The firm cited a strong macro environment and the company's healthy cash returns. Eyeing its fifth-straight daily win, NEM is up 36.9% year-to-date.
-
Shares of
JPMorgan Chase & Co (NYSE:JPM) are up 0.5% ahead of the open, after the
bank giant's better-than-expected first-quarter earnings and revenue, though CEO Jamie Dimon warned of considerable economic turbulence. Since the start of 2025, JPM is down 5.3% heading into today.
- Morgan Stanley (NYSE:MS) also reported first-quarter earnings and revenue above estimates, though the stock is flat in electronic trading. The equity remains down 15.2% year to date.
- Next week will bring plenty of economic data, including retail sales data, housing starts, and regional manufacturing updates.
Overseas Markets Eye Global Trade
Asian markets finished the day mixed, as trade war tensions resurfaced. As previously mentioned, China is retaliating with 125% tariffs on the U.S., a jump from the previous 84%, slated to begin April 12. For the session, Japan’s Nikkei fell 3%, South Korea’s Kospi dropped 0.5%, Hong Kong’s Hang Send added 1.1%, and China’s Shanghai Composite rose 0.5%.
European stocks are mostly lower this afternoon amid tariff concerns, though the Euro and British pound gained against the U.S. dollar. At last check, London’s FTSE 100 is up 0.5% following news that the U.K. economy expanded a better-than-expected 0.5% in February, while France’s CAC 40 and Germany’s DAX are off 0.4% and 1.3%, respectively.