US stock futures up as Trump expected to soften automotive tariffs, positive for market.

From Yahoo Finance: 2025-04-29 05:51:00

U.S. stock futures are up, following the S&P 500’s fifth straight winning session. President Trump may ease automotive tariffs, boosting sentiment. Dow futures rose 0.28%, S&P 500 0.19%, Nasdaq 0.20%. 180 S&P 500 companies reporting earnings, including Amazon, Apple, Facebook, and Microsoft. Investors closely watching Magnificent Seven earnings impact.

Trump expected to soften automotive tariffs, preventing foreign-made car duties from stacking. Automakers paying Trump’s tariffs may not be charged for other duties like steel and aluminum. Move could be retroactive, reimbursing automakers for previous tariffs. Positive sign for inflation and the economy. Key economic reports on GDP and inflation coming.

Investors await economic reports on GDP and inflation. First-quarter GDP expected at 0.3% growth, weakest since 2022. Second-quarter outlook challenging. April jobs report on Friday, economists expect 130,000 new jobs. Bedding manufacturer Leggett & Platt maintains full-year guidance, warns tariffs could impact consumer confidence and raise inflation.

Woodward and F5 beat Street estimates in fiscal second quarter. Medora Lee is a reporter at USA TODAY covering money, markets, and personal finance. Contact her at [email protected]. Subscribe to the Daily Money newsletter for finance tips and business news.



Read more at Yahoo Finance: US stock futures higher ahead of key economic reports