S&P futures increased on Thursday as the major averages attempt to rebound from consecutive sessions of losses. Futures associated with the Dow Jones Industrial Average experienced an increase of 58 points, reflecting a rise of 0.1%. S&P 500 futures increased by 0.4%, while Nasdaq-100 futures rose by 0.7%. Chip stocks surged in early trading following Taiwan Semiconductor’s announcement of yet another record quarter. Taiwan Semi experienced a 6% increase, whereas Micron Technology saw a 3% rise. Nvidia and AMD experienced an increase of over 1% each. The actions follow President Donald Trump’s signing of a proclamation on Wednesday that enacts a 25% tariff on specific semiconductors. The levy will not be applicable to chips imported for the purpose of enhancing the U.S. technology supply chain development.
Market experienced another downturn on Wednesday, weighed down by declines in the technology sector. Earlier today, Reuters reported, referencing sources familiar with the situation, that Chinese customs authorities informed customs agents this week that Nvidia’s H200 chips are prohibited from entering the country. Banks exhibited underperformance on Wednesday, as shares of Wells Fargo, Citigroup, and Bank of America declined subsequent to the publication of their earnings reports.
“The economy remains relatively stable … underlying all of this, corporate earnings remain relatively strong, and we continue to believe that 2026 is going to be really powered by earnings versus any sort of multiple expansion from here,” stated Ayako Yoshioka during an appearance. “At these levels, the bar is relatively high, and we may observe some short-term disappointments in relation to expectations; however, we consider these to be buying opportunities, as the economic backdrop remains relatively stable,” Yoshioka added. This week, the stock market is influenced by the directives issued by Trump. This week, investor sentiment has been adversely affected by geopolitical risks.
Concerns regarding potential disruptions in oil supply, stemming from escalating tensions between the United States and leading OPEC member Iran, have resulted in an increase in oil prices. West Texas Intermediate crude futures closed with an increase exceeding 1%, yet experienced a decline following Trump’s indication that a military action against Iran may not occur. Officials from the Trump administration engaged in discussions with the foreign ministers of Denmark and Greenland on Wednesday, as the former president persists in advocating for U.S. sovereignty over Greenland. A Danish official stated that Denmark and Trump have a “fundamental disagreement” regarding the kingdom’s ownership of Greenland, a matter that remained unresolved during the meeting.