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Stock market today: Dow, S&P 500, Nasdaq futures rise after Trump backpedals on tariffs
Yahoo Finance· 2026-01-21 23:49
Group 1: Market Reactions - US stock futures rose as President Trump called off threatened tariffs on European allies, leading to a 0.8% gain in Nasdaq 100 futures, a 0.6% increase in S&P 500 futures, and a 0.3% rise in Dow Jones Industrial Average futures [1][2]. Group 2: Company Earnings and Developments - Intel is set to report quarterly results, with a focus on AI spending and a global memory shortage as it attempts a turnaround [4]. - Alibaba plans an IPO for its chipmaking unit T-Head, causing a rise in its shares during premarket trading [5]. - Moderna's stock rose 5% after reporting positive results from a skin cancer vaccine trial [7]. - GameStop shares increased by 3% as CEO Ryan Cohen raised his stake and decided to close some US stores [7]. - Ubisoft's stock fell by 33% following a reorganization and the cancellation of six games, indicating potential challenges in the wider video game market [8]. Group 3: Economic Indicators - A delayed report on the Federal Reserve's preferred inflation gauge, the PCE price index, is anticipated, which could influence expectations for interest-rate cuts [5].