Business

S&P Futures are displaying a strong move to the downside this morning with the focus on employment data and trade policy. Employment data trends have been weakening and todays Jobless claims report will be a key data point ahead of tomorrow’s Non-Farms Payrolls report. Tariff news continues to move markets. President Trump’s decision for a one-month reprieve on auto tariffs is a minor move considering that his administration has tariff action plans on every trading partner / product category which are expected to be announced over the coming months. Markets react negatively to policy uncertainty and nervousness is clearly evident in the recent economic reports. On the earning front, JD M, and ZS are higher after their releases. After the bell today results are due out from AVGO, COST, GAP & HPE.

S&P Futures are moving higher this morning as Commerce Sec indicated that the Trump Administration may announce a tariff reduction on Canada and Mexico today. European markets are displaying a strong upside move on new spending plans out of Germany. China talked stimulus action in the Two Sessions meeting. Trumps address to a joint session of Congress did not provide any new details of his economic plan and did not indicate a possible tariff reduction announcement on Canada and Mexico. CRWD earnings announcement disappointed the markets and shares are lower. After the bell today, MRVL, VEEV, ZS & MDB are scheduled to release. Jazz Pharmaceuticals to acquire Chimerix for $8.55 per share. evening. ECB rate announcement is scheduled for tomorrow. Congress remains challenged to advert a government shutdown next week as funding runs out on March 14th.