Dow, S&P 500, Nasdaq Set to Open Up; Trump Tariff Deadline; Nvidia, Apple,
Stocks looked set for gains Friday as investors waited to see if President Donald Trump would follow through on his promise to impose 25% tariffs on all imports from Canada and Mexico.
Futures tracking the three blue-chip U.S. indexes were rising after iPhone maker Apple guided for solid revenue growth this year.
CEO Tim Cook also praised DeepSeek’s new artificial intelligence model as a “good thing” that could drive greater efficiency, which could help ease the market’s nerves after the Chinese start-up’s rapid rise triggered a brutal selloff earlier this week.
Stocks bounced around on Trump’s tariff comments Thursday and that could drive further uncertainty in today’s session. Trump said he would decide Thursday night on the details of the levies he’s set to impose on the U.S.’s neighbors, including whether oil is included.
“Additional tariffs on crude would inject unnecessary volatility, making fuel and transportation more expensive worldwide,” Nigel Green, CEO of the asset manager deVere Group, said. “This translates to increased uncertainty, particularly for industries reliant on stable energy costs, such as manufacturing, transportation, aviation, and logistics.”
Fresh economic data could also impact markets on Friday. The Bureau of Economic Analysis is set to release the personal consumption expenditures index report for December. As that’s the Federal Reserve’s preferred inflation gauge, it could give investors a better idea of where interest rates are headed in 2025.
Dow Jones Industrial Average futures rose 153 points, or 0.3% early Friday. S&P 500 futures climbed 0.4%, and Nasdaq 100 futures gained 0.7%.
Benchmark Brent and West Texas Intermediate oil prices were a tough higher, and yields on 10-year U.S. Treasury notes edged up 3 basis points to 4.548%.
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