U.S. stock futures are pointing higher as investors digest remarks from Commerce Secretary Howard Lutnick that tariffs on Canada and Mexico could be reduced in a deal announced today; CrowdStrike (CRWD) shares are sinking in premarket trading after the cybersecurity firm delivers a disappointing outlook; The Walt Disney Co. (DIS) reportedly will be laying off 6% of its ABC News and Disney Entertainment Networks unit staff; and Best Buy (BBY) shares are rebounding mildly after plummeting yesterday on a warning that tariffs could impact sales. Here’s what investors need to know today.
U.S. stock futures are pointing higher on hints that the U.S. could announce a modification of the tariffs imposed yesterday on Mexico and Canada, following a session where markets delivered broad-based declines on worries over the import duties. Nasdaq futures are 0.5% higher, while those affiliated with the S&P 500 and Dow Jones Industrial Average…