U.S. stock futures rise on potential tariff reductions

U.S. stock futures are rising sharply due to reports that some tariffs may be reduced. Futures for the S&P 500 are up more than 1%, while Nasdaq futures are increasing by 1.4%. Dow Jones futures are higher by 0.9%. Bitcoin is also seeing gains, jumping 2% to nearly $88,000. Reports suggest that President Donald Trump may limit tariffs in an upcoming announcement on April 2. The plan may exclude tariffs on certain sectors and focus only on countries that have no tariffs on the U.S. and with which the U.S. has a trade surplus. Super Micro Computer (SMCI) shares are noteworthy today after a strong performance last Friday. The company's stock soared 7.8%, driven by positive reviews about rising demand for artificial intelligence infrastructure. So far this year, Supermicro shares have increased nearly 40%. Ticket reseller StubHub has filed for an initial public offering (IPO) and plans to list on the New York Stock Exchange with the ticker "STUB." The company reported selling over 40 million tickets in 2024 and a Gross Merchandise Sales of $8.68 billion. However, it also announced a net loss of $2.8 million for 2024. On a different note, 23andMe is facing a tough situation. The company has filed for bankruptcy and its CEO Anne Wojcicki has resigned. Shares of 23andMe are down over 40% in premarket trading. The bankruptcy will allow for a sale process to maximize the business's value.