Stock futures are little changed as traders weigh Trump's new 100% tariff on chips: Live updates

Stock futures are small changed Wednesday nighttime aft President Donald Trump announced a caller steep tariff connected imports of semiconductors and chips.

Futures tied to the Dow Jones Industrial Average mislaid 59 points, oregon 0.1%. S&P 500 futures and Nasdaq 100 futures each dipped astir 0.1%.

Trump announced precocious Wednesday that determination would beryllium a 100% tariff connected imported chips, but not for companies that are "building successful the United States."

News of the levy comes aft Apple announced a program to walk an further $100 billion connected U.S. companies and suppliers implicit the adjacent 4 years. That's connected apical of a $500 cardinal announcement Apple made successful February.

"We're going to beryllium putting a precise ample tariff connected chips and semiconductors," Trump said successful the Oval Office connected Wednesday afternoon. "But the bully quality for companies similar Apple is if you're gathering successful the United States oregon person committed to build, without question, committed to physique successful the United States, determination volition beryllium nary charge."

Stocks are coming disconnected of a affirmative session, aided by a 5% leap successful Apple connected Wednesday. The S&P 500 ended Wednesday astir 0.7% higher, portion the Nasdaq Composite advanced 1.2%. The 30-stock Dow gained astir 81 points, oregon 0.2%.

Traders continued to show tariff developments and quarterly fiscal results, which person mostly beaten analysts' expectations, according to FactSet.

Earlier connected Wednesday, Trump imposed an further 25% tariff connected India, bringing full U.S. levies connected the large trading spouse to 50%. The president said the hike is due to the fact that India continues to bargain Russian oil, a motion that helium is pursuing done connected his threats to punish Russia's commercialized partners unless a Ukraine bid woody is reached by September.

Week to date, the S&P 500 has gained 1.7% and the Nasdaq has added 2.5%. The 30-stock Dow has precocious 1.4%. Prior to Wednesday's humble gains, the S&P 500 had notched 5 losing sessions implicit the past six trading days, and the Dow had had six antagonistic days successful the past seven.

Kristian Kerr, caput of macro strategy astatine LPL Financial, noted that marketplace volatility has dramatically declined since aboriginal April during the tallness of tariff tensions.

"Volatility crossed large plus classes is presently sitting astatine unusually debased levels," Kerr said successful a note. "Equities person besides followed suit, with one-month realized volatility successful immoderate of the indexes falling to levels not seen since June of past year."

On Thursday, traders volition ticker for play jobless claims data, arsenic good arsenic releases connected portion labour costs and productivity for the 2nd quarter.

—CNBC's Kevin Breuninger contributed reporting.