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Tariffs Headed to 15%, Home Depot Climbs After Report
Tom White
February 24, 2026
U.S. stock futures are slightly higher in premarket trading and attempting to rebound after Monday’s sell-off. Equities slumped Monday on renewed fears of artificial intelligence disruptions to various industries. President Donald Trump’s threat to hike global tariffs to 15% and tensions between the U.S. and Iran also kept traders on edge.
A global 10% U.S. tariff took effect Tuesday. However, Bloomberg News reported, citing an administration official, that the White House was moving forward with a formal increase to 15%.
While tech was under pressure again on Monday, financials also took a hit on the back of potential AI disruptions. On the earnings front, shares of Home Depot (HD) are up over 2% after beating estimates this morning. Investor focus will continue to be on earnings with Nvidia’s (NVDA) results due after the closing bell tomorrow.
Morning Movers
Snapshot (as of 7 AM ET)
Oil (/CL) – Oil prices are up 0.5% to over $66.50 a barrel, with traders assessing risks to supply from any military escalation as another round of U.S.-Iran nuclear talks loomed.
Gold (/GC) – Gold prices are down almost 1% near $5175, easing from a three-week high hit overnight, as a stronger dollar and profit taking weighed on prices while investors awaited clarity on U.S. President Donald Trump’s tariff plans.
Bitcoin (/BTC) – The Crypto Future is down over 2% near 63,000 in premarket trading.
VIX – The CBOE Volatility Index was up 10% on Monday and settled at 21.01 as stocks were sharply lower.
U.S. Dollar (/DX) – The dollar is up 0.2% to 97.9.
Biggest Premarket Movers (as of 7 AM ET)
Symbol | Product | Mark % Change (Winners) |
|---|---|---|
KEYS | Keysight Technologies | +13.10% |
AMD | AMD | +10.05% |
ANET | Arista Networks | +5.16% |
SNDK | SanDisk | +3.55% |
GLW | Corning | +2.32% |
Symbol | Product | Mark % Change (Losers) |
|---|---|---|
LLY | Eli Lilly | -2.23% |
PLTR | Palantir | -1.97% |
AVGO | Broadcom | -1.86% |
COIN | Coinbase | -1.78% |
FANG | Diamondback Energy | -1.62% |
Economic Data
Time | Event |
|---|---|
8:00 AM ET | Fed’s Goolsbee Speaks |
9:00 AM ET | Case-Shiller Home Price Index FHFA House Price Index Fed’s Bostic/Collins Speak |
9:15 AM ET | Fed’s Waller/Cook Speak |
10:00 AM ET | Consumer Confidence Richmond Fed Mfg. Index |
1:00 PM ET | 2-Year Note Auction |
3:15 PM ET | Fed’s Barkin Speaks |
Notable Earnings
Premarket | Postmarket | Premarket Tomorrow | Postmarket Tomorrow |
|---|---|---|---|
AS, AMT, BNS, BCC, DOCN, ELAN, EXPD, FIS, HSIC, HD, KDP, NRG, PLNT, PTLO, WLK | AMC, CWH, CAVA, CSGP, EOG, FSLR, FLYW, GDDY, HPQ, LCID, MQ, MELI, MOS, RRC, RVLV, TEM, TREX, WDAY, ZETA | BMO, BLMN, CRCL, DIN, HSBC, LOW, OC, PLAB, TBLA, TJX, TPH | A, APA, ARRY, BJRI, AI, CHDN, EHTH, FTAI, GDRX, IMAX, JOBY, NOG, NU, NTNX, NVDA, PSTG, RRGB, CRM, SNOW, SNPS, TDOC, TKO, TTD, TCOM, UHS, URBN, ZIP, ZM |
Upgrades/Downgrades
Wells Fargo upgrades Qualcomm (QCOM) to Equal Weight from Underweight
JPMorgan upgrades Domino’s Pizza (DPZ) to Overweight from Neutral
Raymond James double upgrades Genuine Parts (GPC) to Strong Buy from Market Perform
BNP Paribas downgrades Comcast (CMCSA) to Underperform from Neutral
JPMorgan downgrades Novo Nordisk (NVO) to Neutral from Overweight
Deutsche Bank downgrades Blue Owl Capital (OWL) to Hold from Buy
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