Stocks looked set to rise on Thursday after President Donald Trump’s so-called reciprocal tariffs on scores of nations finally took hold.
Futures tracking the Dow Jones Industrial Average were up 49 points, or 0.1%. S&P 500 futures and contracts tied to the tech-heavy Nasdaq 100 were both up 0.3%.
The three blue-chip indexes closed the previous session in the green after Trump announced a roughly 100% tariff on semiconductors, but said companies that are pouring money into U.S. manufacturing such as Apple would be exempt from the levies. The iPhone maker said Wednesday that it would significantly accelerate its investment in the U.S., which now totals $600 billion over the next four years.