U.S. stock futures edged higher ahead of Thursday’s session after the S&P 500 (SPX) came off a second straight day of losses. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index were up a modest 0.04%, 0.06%, and 0.08%, respectively, at 1:00 a.m. EDT on January 15.
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On Wednesday evening, President Donald Trump signed a proclamation placing a 25% tariff on certain semiconductor imports. The measure does not apply to chips brought in to support the expansion of the U.S. technology supply chain.
By the close of trading on Wednesday, the S&P 500 fell 0.5%, the Dow slipped about 42 points, or nearly 0.1%, and the Nasdaq Composite dropped 1%. All three major indexes closed lower for a second straight day.
Stocks finished lower as losses in large technology stocks dragged on the major indexes. Microsoft (MSFT), Meta Platforms (META), and Amazon (AMZN) each fell more than 2%. Oracle (ORCL) and Broadcom (AVGO) slid about 4%, while Nvidia (NVDA) dipped 1.4%.
Looking ahead to Thursday, investors will turn their attention to earnings from Goldman Sachs (GS), Morgan Stanley (MS), and BlackRock (BLK). Weekly jobless claims data is also scheduled for release.
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