BIDU, W, TSLA TSM
CNBC••entertainment
Key Points:
- Baidu surged 12% in premarket trading after announcing plans to spin off its semiconductor unit, Kunlunxin, and list it in Hong Kong.
- Home goods retailers Wayfair, RH, and Williams-Sonoma rose following President Trump's decision to delay a 30% tariff increase on upholstered furniture, with gains ranging from 1.3% to 3.5%.
- Tesla shares climbed 1.3% ahead of its fourth-quarter delivery report, with analysts expecting total deliveries of 426,000 vehicles.
- Taiwan Semiconductor Manufacturing's stock rose 2.7% after the U.S. granted it an annual license to import equipment to China.
- Mining stocks Newmont and Freeport-McMo
