U.S. stock market futures higher traded higher on Friday, getting a boost from a small earnings beat at Apple but with looming tariff developments threatening to upend the momentum. Dow Jones Industrial Average futures rose 113 points, or 0.3%, to 45168. S&P 500 futures gained 25 points, or 0.4%, to 6124.
Tech giant Apple could be hit hard if Donald Trump decides to unleash trade tariffs on China after the firm revealed a shock drop in iPhone sales in the Chinese market. Apple reported its total revenue from the Far Eastern nation registered £14.3 billion for the last financial year, an 11% decrease from the previous year.
The Trump tariffs could financially hit Apple's chip production partnership with TSMC, after the President insisted the import taxes will be applied to semiconductors and other specific industries in the near future.
Investing.com - U.S. stock futures pointed higher on Friday, with investors pouring through fresh tariff threats from U.S. President Donald Trump and a raft of tech earnings, including iPhone-maker Apple (NASDAQ:AAPL).
Trump's virtual appearance at the World Economic Forum annual meeting in Davos was full of promises and threats.
Taiwan’s government will soon look at whether it needs to help its domestic industry over threats by President Donald Trump to put tariffs on semiconductors, Premier Cho Jung-tai said on Wednesday.
Cloudflare CEO Matthew Prince says the Trump administration should make cybersecurity defenses mission critical.
Dow, S&P 500, and Nasdaq futures are rising in premarket trading Friday as the stock market waits for news on President Donald Trump's threats to apply tariffs on Mexico, Canada, and China. Also PCE inflation data are due.
As Donald Trump begins his second term as US president, here’s how Big Tech leaders have reshaped their relationship with him.
President Donald Trump has threatened to impose tariffs on Taiwan-made chips, which could hit Nvidia, one of TSMC's biggest customers.
Will opening the gates to placate the US lead to a floodgates open for China scenario?
Trump is now the president again. He has promised a historically busy Inauguration Day.