Nasdaq, Dow Jones recover as new Trump tariffs begin, IMB and Salesforce rebound

Market Overview - A moderately positive start for US stocks is anticipated as Donald Trump's new 10% global tariff took effect overnight [2] - Nasdaq futures increased by 0.2%, Dow Jones futures indicated a 0.1% gain, while S&P 500 futures remained flat [3] - The previous day saw significant declines in major indices, with the Dow falling 820 points (1.7%) to 48,804, Nasdaq dropping 1.1% to 22,627, and S&P 500 closing down 1% at 6,837 points [3] Company Performance - American Express, Mastercard, Visa, DoorDash, and Uber experienced declines between 4% and 7% due to fears surrounding AI disruption [3] - AMD shares rose by 12% in pre-market trading following a multi-year partnership with Meta to develop AI data centers [8] - Home Depot shares increased by 2.3% after reporting fourth-quarter results that exceeded analyst expectations, indicating stability despite reduced consumer spending [9] Industry Impact - Concerns regarding AI disruption have affected companies like Workday, Datadog, and IBM, as well as private capital groups such as Ares, KKR, and Blackstone, due to their exposure to the software sector [5] - A research report from Citrini Research suggested that AI adoption could lead to a US unemployment rate exceeding 10% by mid-2028, influencing investor sentiment [4] - The new tariffs are part of a broader strategy, with the potential for a steeper 15% tariff being considered, following backlash from US partners [7][8]