NewsWare’s Trade Talk: Wednesday, March 12

S&P Futures are moving higher this morning after a tumultuous trading session on Tuesday. The Trump administration's 25% tariffs on all steel and aluminum imports went into effect today. The European Union announced retaliatory tariffs that will start April. CPI data is due out before the opening bell and a softer reading is expected.  TSMC has approached Nvidia and other U.S. chip companies about taking stakes in a joint venture that would operate Intel's factories. Congress passed a Continuing Resolution bill, Senate approval will prove more difficult. After the bell today, ADBE, CCI PATH, S and AEO will be releasing earnings.