Thursday saw a surge in tech-related stock futures as President Donald Trump announced fresh semiconductor tariffs with extensive exclusions.
Dow Jones Industrial Average-linked futures saw a 241-point, or 0.5%, increase.
Futures for the Nasdaq 100 and S&P 500 both saw 0.8% gains.
Trump declared late Wednesday that imports of chips would be subject to a 100% tariff, but that this would not apply to businesses that are “building in the United States.”
AMD’s shares increased 2.5% in the premarket, while Nvidia’s shares increased more than 1%.
2% was the pre-bell gain for the VanEck Semiconductor ETF (SMH).
Source (CNBC)
