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Futures Steady as Tech Selloff Eases; Amazon Drops on AI Spending Surge

U.S. stock futures held steady in early premarket trading after a sharp tech-led decline earlier in the week, giving investors a moment to reassess the sector’s rapid pullback. Major index futures hovered near flat, suggesting a more measured tone after days of volatility. While sentiment remains cautious, some traders appear to be stepping back in following the recent selloff in high‑growth names. Amazon shares slipped in premarket action after the company signaled a significant increase in capital expenditures tied to artificial intelligence infrastructure. The planned investment highlights Amazon’s push to expand its AI capabilities, but the scale of spending raised concerns about near‑term pressure on margins. Market attention now turns to upcoming economic data and corporate earnings, which could help determine whether tech stocks regain momentum or continue to face headwinds. For the moment, futures point to a steadier start as investors look for the next catalyst.
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Trump Announces Tariffs on Canada and Mexico, Decision on Oil Pending

 

President Donald Trump has announced that the United States will impose 25% tariffs on imports from Canada and Mexico starting this Saturday. This decision has already caused significant fluctuations in the foreign exchange markets, with both the Canadian dollar and the Mexican peso experiencing notable declines.

Trump's decision to impose these tariffs is driven by multiple factors, including the influx of migrants at the southern border, the flow of fentanyl into the United States, and the trade deficit with these neighboring countries. The President has also indicated that he is still considering whether to include oil imports from Canada and Mexico in these tariffs, with a decision expected soon.

The potential inclusion of oil in the tariffs has raised concerns about the impact on energy prices and the broader economy. The United States imports significant quantities of oil from both Canada and Mexico, and tariffs could lead to higher gasoline prices for American consumers. Despite these concerns, Trump has expressed confidence that the U.S. can meet its own energy needs without relying on imports.

The announcement has prompted reactions from various stakeholders, with some experts warning that the tariffs could lead to increased prices for American consumers and potential economic repercussions for Canada and Mexico. The situation remains fluid, with further developments expected in the coming days.



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