U.S. stock index futures rose on Wednesday, bouncing back from a selloff in the previous session, after a top official said President Donald Trump could ease tariffs he has imposed on the country's top trade partners.

Market Snapshot

At 7:50 a.m. ET, Dow E-minis were up 79 points, or 0.19%, S&P 500 E-minis were up 16.25 points, or 0.28%, and Nasdaq 100 E-minis were up 98 points, or 0.48%.

Pre-Market Movers

Tesla, General Motors, Ford, Stellantis - Tesla rose 1.6% in premarket trading after the electric-vehicle maker fell 4.4% on Tuesday. It has declined 7.2% over the past two trading days and has finished lower eight of the past nine trading sessions.The issues for investors include tariffs, weak Chinese sales, and the impact of a “buyer’s strike” on the company. Tesla closed Tuesday with a market cap of $875 billion, down from its peak market cap of $1.54 trillion on Dec. 17, 2024, according to Dow Jones Market Data.

General Motors rose 3.7%, Ford Motor gained 1.5%, and Stellantis was up 6.2% after Lutnick hinted on a tariffs compromise. The auto stocks tumbled Monday after the tariffs on Canada and Mexico went into effect, with investors anticipating disruptions to the North American supply chain.

Nvidia - Shares of Nvidia were rising 1.8% after the maker of artificial-intelligence chips bucked the downward trend Tuesday and closed with a gain of 1.7%. Nvidia’s market cap rose to $2.83 trillion, but that remains well off its peak market cap of $3.66 trillion on Jan. 6, according to Dow Jones Market Data. The stock has risen three of the past five trading sessions but has fallen more than 13% since Nvidia reported quarterly earnings last week.

Super Micro Computer - Super Micro Computer also bucked a sinking stock market to close Tuesday up 8.5%, snapping a three-session losing streak. It fell 13% on Monday on Trump’s warning that tariffs were coming and the apparent unwinding of the artificial-intelligence trade. Super Micro jumped 3.5% in premarket trading.

Palantir - Palantir Technologies rose 2.8% to $86.78 after analysts at William Blair upgraded shares of the data-analytics company to Market Perform from Underperform without a price target. The analysts said the higher rating on followed “the 33% DOGE-driven selloff from $125 to $84 over the past three weeks.” William Blair said that while valuation remained “frothy with potential downside risk of greater than 40% on government contract delays, there have been positive developments.”

CrowdStrike - CrowdStrike Holdings posted fourth-quarter adjusted earnings and revenue that beat Wall Street estimates but the cybersecurity company’soutlooks for its fiscal first quarter and all of fiscal 2026were well below expectations. CrowdStrike said it expects first-quarter earnings of between 64 cents and 66 cents a share, below Wall Street estimates of 95 cents. Earnings for the fiscal year were forecast at between $3.33 and to $3.45 a share, also below analysts’ calls for $4.40. The stock declined 7.7%.

AeroVironment - Defense contractor AeroVironment was plunging 20% after issuing weak fiscal-year guidance. The company expects revenue of $780 million to $795 million, down from prior guidance of about $810 million and below Wall Street estimates of $820 million. Adjusted earnings were forecast at $2.92 to $3.13 a share, below analysts’ expectations of $3.43. Trump’s wavering support for Ukraine has pressured shares of AeroVironment, which is a large supplier of guided munitions to Ukraine.

Chinese ADRs - Chinese ADRs jumped in premarket trading on Wednesday after Beijing set an ambitious economic growth target and vowed more support for domestic consumption and the tech industry as a trade war with the United States heats up.YINN rose 7%; XPeng, NIO, and JD.com rose 4%; PDD Holdings, Baidu, and Alibaba rose 3%.

Moderna - Moderna shares jumped 9% in premarket trading Wednesday. Moderna recently reported that its CEO, Stephane Bancel, made significant stock purchases totaling approximately $5 million, a notable move considering the stock’s 68% decline over the past year.

Box - Box Inc. declined 7.8% after warning that a stronger dollar would hit its profitability. The cloud-storage company forecast fiscal 2026 adjusted earnings of $1.13 to $1.17, below analysts’ expectations of $1.83.

Foot Locker - Foot Locker rose 0.3% after the sneaker and athletic-wear retailer posted fourth-quarter adjusted earnings of 86 cents a share, beating analysts’ forecasts of 72 cents. The company said it expects fiscal-year adjusted profit of $1.35 to $1.65 a share.

T-Mobile US - T-Mobile US was down 1.1% at $259.17. Shares of the telecommunications company were downgraded to Hold from Buy at HSBC with a price target of $270.

Market News

Trump Calls for End to $52 Billion Chips Act Subsidy Program

President Donald Trump called for ending a bipartisan $52 billion semiconductor subsidy program that’s spurred more than $400 billion in investments from companies like Taiwan Semiconductor Manufacturing Co. and Intel Corp.

“Your Chips Act is horrible, horrible thing,” the president said in a primetime address to Congress on Tuesday. Trump implored US House Speaker Mike Johnson to “get rid” of the legislation and use “whatever is left over” to “reduce debt or any other reason you want to.”

His remarks were met with applause in a chamber that less than three years ago passed the Chips and Science Act on a bipartisan basis. Vice President JD Vance, whose home state of Ohio won a massive Intel project thanks to the law, stood up to show his support for its revocation.

China Sets Bullish Growth Goal of About 5%, Despite US Tariffs

China set its economic growth goal at about 5% for 2025, raising expectations for officials to unleash more stimulus as they confront a trade war with the US.

Premier Li Qiang announced the target Wednesday morning as he delivered the government’s annual work report to the national parliament in Beijing. This marks the third straight year has China maintained that goal, but repeating it again will be difficult.

China also set this year’s fiscal deficit target to around 4% of gross domestic product — the highest level in more than three decades, according to the work report. The GDP and general budget deficit goals are in line with economist expectations heading into the meeting.

Tesla’s Sales Plunge 76% in Germany Amid Musk’s Electioneering

Tesla Inc.’s registrations plummeted in Germany last month as Chief Executive Officer Elon Musk irked voters taking part in the country’s closely contested federal election.

Sales plunged 76% to 1,429 cars, according to the German Federal Motor Transport Authority. Tesla’s showing was in stark contrast with overall electric vehicle registrations, which jumped 31% in February.

Musk endorsed the far-right Alternative for Germany in the months leading up to the Feb. 23 election, throwing his weight behind an anti-immigrant, pro-Russian party that’s assailed the country’s political establishment. While the AfD vaulted into second place, the likely next Chancellor Friedrich Merz has vowed to keep the party at arm’s length.