Stock Market Opening: 5 Things You Need to Know

U.S. Stock Futures are Tumbling After President Donald Trump outlined a series of Tariffs on Foreign Trading Partners that were larger than what some investors expected. Apple (AAPL), Nike(NKE), Walmart(WMT), and Dollar Tree(DLTR) shares are all falling sharply in response. RH (RH), a home-furnishing retailer, issued a weaker than expected outlook amid a struggling Housing Market. And Amazon (AMZN), and adtech company AppL Here’s the latest information for investors.

1. US Stock Futures Plunge on Sweeping Trump Tariffs

U.S. Stock Futures are plummeting after President Donald Trump announced an extensive set of tariffs. This has raised concerns among investors about the impact on global commerce and rising prices. Nasdaq futures are down nearly 4% in early trading after the tech-heavy index rose 0.9% yesterday. S&P 500 and Dow Jones Industrial Average futures are roughly 3.3% and 2.7% lower, respectively. Bitcoin (BTCUSD) is trading at around $83,000 and crypto-related stocks are moving lower, including a 5% decline from Strategy (MSTR). The 10-year Treasury yield has dropped to 4.05%. Gold futures have fallen 4%, and oil futures have declined 1%.

2. Trump Introduces tariffs between 10% and 50% that will hit China, Japan and the EU

Investors braced themselves for higher than expected import taxes after President Trump announced reciprocal duties against a broad range of foreign nations. According to a chart posted by the White House on social media, tariffs can range from 10% up to 50%. Notably, Chinese goods would be hit with a 34% additional tariff on top of the previously announced 20% duty. Imports from the European Union will also be hit at 20% and goods from Japan will receive a 24% additional tariff. Each of these is scheduled to take effect by 12:01 am ET on April 9. An executive order states that ET will begin on April 9th.

3. Nike, Apple and Walmart are among the stocks that have fallen on news of tariffs

Stocks associated with global trade tumbled on Trump’s tariff announcements. Apple (AAPL), which manufactures about 90% of its products in China, are declining more than 7% in premarket trading. Nike (NKE), a sneaker giant, has seen its shares plummet by almost 10%. Nearly all of Nike’s suppliers are located in China, Vietnam, or Indonesia, all of which were hit hard with import duties. Best Buy (BBY), Dollar Tree (DLTR), Target (TGT), and Walmart (WMT), all of which are retailers, also fell on the news. Best Buy (BBY), Dollar Tree (DLTR), and Walmart (WMT), all of whom are retailers, each saw their shares fall by around 10%.

4. RH Stock Drops amid Weak Housing Market Outlook

The shares of RH, formerly known at Restoration Hardware, have plunged nearly 30% in premarket trade after the home furnishings retailer issued a weaker than expected outlook and said that it is facing “the worst housing markets in almost 50 years.” The company expects its revenue to grow between 10% and 13% in fiscal 2026. This is below the Visible Alpha consensus. RH said it was facing “a higher risk business environment” because of uncertainty over tariffs. RH reported that its fourth-quarter revenue, adjusted earnings per share and EPS fell short of analyst expectations.

5. Reports say that Amazon and AppLovin are bidding to buy TikTok.

Amazon (AMZN), and adtech company AppLovin, are reportedly bidding for TikTok before a U.S. app ban that is set to take effect on Saturday if a deal cannot be reached with the Chinese parent company. The New York Times reported Amazon sent a letter outlining their bid to Vice President JDVance and Commerce Secretary Howard Lutnick. The Wall Street Journal reported on Wednesday that AppLovin executives met with former Wynn Resorts CEO Steve Wynn to discuss possible financial backing. In premarket trading, shares of Amazon and AppLovin have fallen by approximately 6% and 9% respectively.