Stocks Moving Due to Tariff Threats and Earnings Reports
Stock futures were rising on Monday due to threatened tariffs from President Donald Trump and key readings on U.S. inflation. Nucor, U.S. Steel, Meta, Tesla, BP, and McDonald's were among the stocks that were expected to make moves. Nucor and U.S. Steel rose after Trump announced 25% levies on steel and aluminum imports. Meta Platforms experienced a 15-day winning streak after strong earnings. Tesla fell due to a decline in sales in China. BP saw a jump in its stock price after Elliott Investment Management built a stake in the company. McDonald's was set to release its fourth-quarter earnings. Other companies, including Coca-Cola, Shopify, and Moderna, were also expected to report earnings later in the week.