Dow, S&P 500, Nasdaq futures waver amid Trump's new tariffs, looming PCE inflation data

📱 US plans 1:1 chip production rule to curb overseas reliance

The U.S. is planning to ask chipmakers to manufacture at home as many semiconductors as their customers import, aiming to curb reliance on overseas supply, the Wall Street Journal reported on Friday.

The Trump administration would levy tariffs on firms that do not sustain a 1:1 ratio over time, the report said, citing people familiar with the plan.

The plan stems from President Donald Trump's remarks last month that tech firms manufacturing domestically could avoid roughly 100% tariffs on semiconductors. Reuters reports.


🤖 Intel's comeback is fueled by the promise of more deals

Dealmaking is the name of the game. Just ask Intel. The unlikely Wall Street comeback kid received another boost this week as a potential deal with Apple has come to light.

A legacy chipmaker left behind after the explosion of mobile computing and social platforms and, most recently, in the AI scramble, Intel is now in the earliest stages of an unexpected resurgence.

But it isn't a technological breakthrough that has reversed the company's fortunes.

Instead, investors are flocking because of a succession of monumental deals: first from the federal government, then with Nvidia, and now, according to Bloomberg and others, chatter of a partnership with the iPhone maker - around five years after the two companies' very public break-up that even has its own Wikipedia entry. Yahoo Finance reports.


💊 Trump announces 100% tariffs on pharmaceuticals unless drug makers are building U.S. factories

A raft of new tariffs announced by President Donald Trump included a 100% levy on imported pharmaceuticals unless their manufacturers are actively building factories in the U.S.

In a series of social-media posts late Thursday, Trump also announced new 50% tariffs on kitchen cabinets and bathroom vanities, 30% tariffs on upholstered furniture and 25% levies on heavy trucks, all effective Oct. 1.

While overseas pharmaceutical stocks had a mixed reaction, shares of home furnishings sellers were showing pressure in premarket on Friday. MarketWatch reports.


📊 Opendoor’s stock soars after Jane Street’s ‘validation.’ What comes next?

Shares of Opendoor Technologies Inc. rallied Thursday on the disclosure that quantitative-trading firm Jane Street Group LLC has amassed a stake in the e-commerce platform for residential-real-estate transactions.

Jane Street’s stake marks the latest chapter in an eventful few months for the heavily shorted Opendoor, which saw its stock skyrocket amid a retail frenzy that sparked comparisons with earlier meme-stock explosions.

The stake, which was revealed in a 13G filing with the Securities and Exchange Commission late Wednesday, could also herald something of a shift in how the stock is perceived. MarketWatch reports.


🥇 Trump signs order declaring TikTok sale ready and values it at $14 billion

President Donald Trump signed an executive order on Thursday declaring that his plan to sell Chinese-owned TikTok's U.S. operations to U.S. and global investors will address the national security requirements in a 2024 law.

The new U.S. company will be valued at around $14 billion, Vice President JD Vance said, putting a price tag on the popular short video app far below some analyst estimates.

Trump on Thursday delayed until January 20 enforcement of the law that bans the app unless its Chinese owners sell it amid efforts to extract TikTok's U.S. assets from the global platform, line up American and other investors, and win approval from the Chinese government. MarketScreener reports.


🛍️ Costco Wholesale fiscal fourth-quarter comparable sales fall of street views

Costco Wholesale reported fiscal fourth-quarter earnings and revenue above market expectations, but the warehouse chain's comparable sales missed Wall Street's estimates.

Net income advanced to $5.87 per share for the quarter ended August from $5.29 a year earlier, the company said late Thursday, topping the FactSet-polled consensus of $5.80.

Sales rose 8% to $84.83 billion, while overall revenue increased to $86.16 billion from $79.7 billion in the prior-year quarter. The Street's forecast was for sales of $86 billion. MarketScreener reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars



KRKR: 36KR Holdings
H1 2025
Before Market Open
Estimate: N/A
Actual: -0.320

MITQ: Moving iMage Technologies
Q4 2025
Before Market Open
Estimate: N/A
Actual: -0.020

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Sourced in: 50 Trading Quotes From Top by Quantified Strategies.

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