Wall Street Shifts as Tariff Talks Stir Uncertainty

U.S. stock index futures experienced dips amid anticipation for clarity on President Trump's tariff plans. Despite market volatility fueled by tariffs and economic data, major indexes are poised for strong weekly gains. Investors monitored corporate earnings and awaited key economic reports on retail sales and rate cuts.

U.S. stock index futures slipped on Friday morning as traders anxiously awaited further details on President Donald Trump's announced reciprocal tariff plans following a week marked by significant gains across key benchmarks.

Trump's directive on Thursday asked his economic advisors to develop strategies for imposing tariffs matching those on U.S. imports, but stopped short of immediate implementation. Analysts at Societe Generale noted the muted response from investors, suggesting their attention has likely shifted pending new data on inflation and economic health.

Market volatility was exacerbated by inflation data, Federal Reserve signals, and specific company performances like Tesla, which saw a pre-market rise, and Airbnb, which soared after positive financial results. Meanwhile, DaVita, Applied Materials, and Moderna faced declines due to underwhelming financial forecasts and reports.

(With inputs from agencies.)