Stocks Moving on Tariffs Announcement and Earnings Reports
Stock futures traded lower on Wednesday ahead of an announcement on tariffs by President Donald Trump. Tesla and Rivian declined after reporting first-quarter deliveries that missed estimates. CoreWeave, Nvidia, and Meta Platforms also saw declines. NCino tumbled after reporting lower-than-expected earnings and issuing weak guidance. Newsmax, Charles Schwab, and BlackBerry experienced significant stock price movements. Earnings reports from RH and Penguin Solutions are expected later in the day.