US Stock Futures Rise as Trump’s Tariffs Take Effect; Apple Announces $100B US Investment
US stock futures edged higher as President Trump's sweeping tariffs on imports from nearly 200 countries took effect. Dow, S&P 500, and Nasdaq futures ROSE modestly, with the tech-heavy Nasdaq leading gains. The average effective tariff rate is projected to jump to 18.3%, with semiconductors facing a potential 100% duty.
Apple shares climbed in premarket trading after CEO Tim Cook and President TRUMP announced a $100 billion US investment plan. The tech giant will manufacture iPhone and Apple Watch cover glasses in Kentucky, securing an exemption from the semiconductor tariff.
Gig economy stocks showed mixed reactions to earnings reports. DoorDash surged on resilient delivery demand, while Airbnb and Lyft declined following disappointing guidance.
