US Stock Market LIVE updates: Dow Jones Industrial Average futures trimmed earlier gains on Friday (May 9) after President Donald Trump backed a steep tariff increase on China ahead of this weekend’s trade talks. Dow futures were flat following the remarks, while S&P 500 futures edged up 0.1% and Nasdaq-100 futures rose 0.2%.”
US Stock Market LIVE updates: Dow Jones Industrial Average futures trimmed earlier gains on Friday (May 9) after President Donald Trump backed a steep tariff increase on China ahead of this weekend’s trade talks. Dow futures were flat following the remarks, while S&P 500 futures edged up 0.1% and Nasdaq-100 futures rose 0.2%. “80% Tariff on China seems right! Up to Scott B.,” the president said on Truth Social ahead of talks led by Treasury Secretary Scott Bessent with China counterparts in Switzerland this weekend.
Markets also benefited from a slew of positive earnings, with Microchip Technology Inc. gaining almost 10% in premarket trading. Pinterest Inc. shares surged 15% after revenue guidance topped estimates. Software company CloudFlare Inc. and ride-hailing firm Lyft Inc. also advanced after posting robust results. On the downside, travel firm Expedia Group Inc. fell after it cut bookings growth forecasts.