Stock futures are steady this morning following a positive close for all three major indexes.
Here are five key points to start the trading day:
1. Focus on Nvidia: Investors are closely watching the chipmaker’s upcoming earnings report, eager to see if Nvidia’s dependence on large customers like Amazon, Google, and Microsoft is increasing or decreasing amid concerns about customer concentration.
2. Retaliatory tariffs: Canada has announced it will implement retaliatory tariffs on the U.S., matching the previous 50% duties dollar for dollar.
3. Shipping route discussions: Iran and Oman have discussed a proposal to establish a temporary joint shipping route through the Strait of Hormuz, as tanker traffic remains significantly below prewar levels.
4. FDA leadership updates: The Department of Health and Human Services is planning to create two new deputy commissioner roles at the Food and Drug Administration.
5. Autonomous vehicle expansion: Waymo is preparing to launch driverless rides in Germany by the end of 2027, starting phased testing in Munich soon. This marks the company’s first EU market, following operations in London, Tokyo, and several U.S. cities.
Source (CNBC)
