Wall Street eyes higher open as Trump slaps fresh tariffs on Canada

Wall Street is set for a higher open, led by tech and chip stocks, as investors welcome renewed appetite for AI names and prepare for a busy earnings slate. Nasdaq futures rose 1.3% and S&P 500 futures added 0.4% after Nvidia disclosed a stake in Nebius, boosting sentiment around semiconductors. However, broader market tone is being tempered by fresh trade tensions after President Trump announced 50% tariffs on a range of Canadian goods, effective in 30 days. Canadian crude oil was exempt, while oil prices slipped slightly after recent gains tied to Middle East conflict and Brent approached $90 per barrel. The report highlights a market rotating between risk-on tech buying and concern over tariff-driven volatility, with GM, Halliburton and 3M among the major earnings reports due before the open.