Stock market today: Live updates

Stock futures rose Thursday as the major averages try to recover from back-to-back losing sessions.

Futures tied to the Dow Jones Industrial Average were up 58 points, or 0.1%. S&P 500 futures climbed 0.4%, and Nasdaq-100 futures advanced 0.7% higher.

Chip stocks led the way higher in early trading after Taiwan Semiconductor reported another record quarter. Taiwan Semi jumped 6%, while Micron Technology popped 3%. Nvidia and AMD gained more than 1% each.

The moves also come after President Donald Trump on Wednesday signed a proclamation that imposes a 25% tariff on certain semiconductors. The levy won’t apply to chips that are imported to contribute to the buildout of the U.S.’s technology supply chain, however.

Wall Street posted another losing session on Wednesday, pressured by declines in tech. Reuters reported earlier in the day, citing individuals briefed on the matter, that Chinese customs authorities advised customs agents this week that Nvidia’s H200 chips are not allowed to enter the country.

Banks also underperformed on Wednesday after Wells Fargo, Citigroup and Bank of America fell following the release 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,” said Ayako Yoshioka, portfolio consulting director at Wealth Enhancement Group, on CNBC’s “Closing Bell.”

“At least at these levels, the bar is relatively high, and we can see some short-term disappointments just relative to expectations, but we think that these are all buying opportunities because the economic backdrop remains relatively stable,” Yoshioka added.

Trump edicts weigh on stocks this week

Geopolitical risks have weighed on investor sentiment this week.

Fears over oil supply disruptions caused by mounting tensions between the U.S. and top OPEC member Iran lifted oil prices. West Texas Intermediate crude futures settled up more than 1%, but slid after Trump signaled he might not attack Iran.

Trump administration officials also met with Danish and Greenlandic foreign ministers on Wednesday as Trump continues to push for U.S. control of Greenland. Denmark and Trump have a “fundamental disagreement” over the kingdom’s ownership of Greenland, which wasn’t resolved during the meeting, a Danish official said.