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U.S. stock futures are jumping on reports that the U.S. may narrow some tariffs; Super Micro Computer (SMCI) shares are in focus after the server maker led the S&P 500 higher on Friday; online ticket seller StubHub files for an IPO; and 23andMe (ME) shares are plunging in premarket trading after the DNA-testing firm files for bankruptcy and its CEO resigns. Here’s the information investors need to be aware of today.
1. Stock Futures in the US Soar on Reports about Narrowed Tariffs
U.S. stock prices are soaring on reports that U.S. import tariffs might not be as large as originally announced. S&P 500 futures are more than 1% higher after the benchmark index broke a four-week losing streak Friday. Nasdaq’s futures rose by 1.4% while Dow Jones Industrial Average’s futures increased by 0.9%. Bitcoin (BTCUSD), which is currently trading at almost $88,000, is up 2%. The yields of the 10-year Treasury notes and oil and Gold futures are also rising.
2. Trump may narrow April 2 tariffs, reports say
Reports suggest that President Donald Trump could narrow the U.S. tariff policy when he announces a comprehensive list of reciprocal levies in April. Bloomberg reported that the administration was likely to exclude certain tariffs, such as import taxes focused on particular sectors of the economy. This information was based on officials familiar with the issue. The outlet stated that “only countries without tariffs against the U.S. and with whom the U.S. is in a trade surplus will not be subject to tariffs under the reciprocal scheme.”
3. Supermicro Stock in Focus After Leading S&P 500 Risers Friday
Super Micro Computer (SMCI) shares are little changed in premarket trading after the server maker soared 7.8% Friday to lead the S&P 500 higher amid positive analyst commentary on increasing demand for artificial intelligence (AI) infrastructure. The company has projected significant growth in revenue on AI demand. Last year, accounting and corporate Governance challenges weighed down the company’s stock. Supermicro’s shares have risen nearly 40% since 2025, according to Monday’s closing price.
4. StubHub, a ticket-seller, files for IPO at the NYSE
Online ticket-reselling platform StubHub has filed a prospectus for an initial public offering (IPO) to list on the New York Stock Exchange (NYSE) under the ticker “STUB.” The company reported that it sold over 40 million tickets through its marketplace in 2024. Gross Merchandise sales (GMS) were $8.68 billion – up 27% from the previous year. StubHub reported a 2024 net loss of $2.8 million after logging a profit of $405.2 million in 2023, it said in its Form S-1 filing with the U.S. Securities and Exchange Commission (SEC). StubHub reportedly delayed filing for an IPO last July because of weak market conditions.
5. DNA-Testing Company 23andMe Files For Bankruptcy; CEO Resigns
Shares of Nasdaq-listed 23andMe (ME) are plunging more than 40% in premarket trading after the DNA-testing firm announced it was filing for bankruptcy and that CEO Anne Wojcicki had resigned, effective immediately. The company said the Chapter 11 bankruptcy filing will “facilitate a sale process to maximize the value of its business.” Wojcicki will continue to be on the board. He tried to take the business private in April last year, less than three months after it became public.
