Wall Street is delivering its judgment of Trump's economic policy

Image source: Pexels

📊 Wall Street is delivering its judgment of Trump's economic policy: The initial market shock of Trump slapping new tariffs on Mexico and Canada led to the full erasure of the post-election Trump bump on Tuesday. But amid retaliatory tariffs and warnings from businesses about the squeeze of forceful levies, it seems clear that Wall Street is delivering its own resounding judgment on Trump’s economic actions. Yahoo Finance reports.

📉 Nasdaq nears correction as trade tensions weigh on markets: U.S. stocks ended lower on Tuesday, with the tech-heavy Nasdaq veering near correction territory, as trade tensions escalated following U.S. President Donald Trump's new tariffs on Canada, Mexico and China. Reuters reports.

👟 Adidas shares slide as earnings outlook tempers retro sneaker boom: Adidas fell after the German sportswear brand said earnings will grow slower this year than investors expected, even as it builds momentum with its retro footwear. Yahoo Finance reports.

📈 Foxconn reports 56% revenue surge in February on strong electronics demand: Taiwan's Foxconn, the world's largest contract electronics maker and Apple's biggest iPhone assembler, reported on Wednesday that its February revenue jumped 56.43% year on year. Yahoo Finance reports.

💊 Bayer forecasts turnaround in 2026 after profit decline this year: Bayer on Wednesday raised the prospect of a return to earnings growth next year but reiterated that a decline was expected for this year, potentially testing investors' patience with the CEO's turnaround efforts. Reuters reports.

⚡ Tesla’s China sales slump deepens amid broader global slowdown: Tesla Inc.’s China-made wholesale deliveries fell to the lowest in more than 2 1/2-years last month, adding to a troubling slide in global sales at a time Chief Executive Officer Elon Musk is increasingly distracted by politics. Yahoo Finance reports.

📶 Qualcomm touts new modem as a game-changer against Apple: Qualcomm's latest modem will create a big distance in performance versus Apple , which has made its first foray into the technology. CNBC reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1) $ARBB: ARB IOT Group
Total gain: +88.92%

2) $GTI: Graphjet Tech
Total gain: +29.34%

3) $MPU: Mega Matrix
Total gain: +23.58%

4) $SFHG: Samfine Creation Holdings
Total gain: +22.05%

5) $AGH: Aureus Greenway
Total gain: +21.32%

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

ADDYY: adidas
4Q 2024
Before Market Open
Estimate: -0.110
Actual: N/A

BAYRY: Bayer
4Q 2024
Before Market Open
Estimate: 0.280
Actual: N/A

VET: Vermilion Energy
4Q 2025
After Market Close
Estimate: 0.360
Actual: N/A

Time (ET) / Report / Period

8:15 AM - ADP employment - Feb.
9:45 AM - S&P final U.S. services PMI - Feb.
10:00 AM - Factory orders - Jan.

"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong."

- George Soros

Sourced in: Interview in The Alchemy of Finance (1987)