US stock futures edged higher on Thursday as President Trump's sweeping tariffs hit dozens of US trade partners after his self-imposed deadline for countries to strike deals expired. At the same time, Trump's hint of a carveout for coming duties on semiconductors boosted tech for a second consecutive day.

Futures attached to the Dow Jones Industrial Average (YM=F) gained 0.6%. Futures attached to the benchmark S&P 500 (ES=F) were up 0.7%, and those on tech-heavy Nasdaq 100 (NQ=F) rose 0.8%.

Trump's deadline for trade deals landed at 12:01 a.m. ET on Thursday. Imports from nearly 200 countries now face duties ranging from 10% to 50%, and the overall average effective tariff rate is projected to jump to 18.3%.

Read more: The latest on Trump's tariffs

Apple (AAPL) shares climbed Thursday in premarket trading as Trump and CEO Tim Cook announced the company would make a $100 billion investment in the US. As part of the deal, Apple will manufacture the cover glasses for iPhones and Apple Watches in Kentucky.

The president also revealed at the press conference that he plans to eventually set a 100% tariff on semiconductors. Companies like Apple that commit to building in the US, however, will be exempt from the tariff, he said.

Airbnb (ABNB), DoorDash (DASH), and Lyft (LYFT) reported earnings after the bell. DoorDash shares jumped premarket on an upbeat forecast driven by resilient delivery demand. Airbnb and Lyft, meanwhile, fell on disappointing guidance.

On Thursday, in addition to grappling with the latest trade policy shifts, Wall Street will receive new data on weekly jobless claims. The state of the labor market is in high focus following a disappointing July jobs report and downbeat revisions to the May and June jobs reports.

Softbank's (SFTBF, 9984.T, SFTBY) Tokyo shares closed 1% up on Thursday after reporting a bigger profit than expected in the June quarter.

Bloomberg News reports:

SoftBank Group Corp. (SFTBF, 9984.T, SFTBY) swung to a bigger-than-expected profit in the June quarter, riding on gains from its bets on Nvidia Corp. (NVDA) and startups in a boost for founder Masayoshi Son’s bets on artificial intelligence technologies.

The Tokyo-based company reported net income of ¥421.82 billion ($2.9 billion) in its fiscal first quarter, more than double the average of analyst estimates. Its signature Vision Fund logged a ¥451.39 billion profit, helped by a recovery in tech valuations and gains on holdings such as Coupang Inc., Auto1 Group SE, Symbotic Inc. and Swiggy Ltd.

A recovery at SoftBank’s struggling Vision Fund is helping Son double down on bets geared to help him capitalize on booming investment in AI hardware. SoftBank was also helped by its stakes in Nvidia and Taiwan Semiconductor Manufacturing Co., while it continues to sell off less relevant assets.

Read more here.

Apple stock rose 3% before the bell on Thursday. Yahoo Finance's technology editor Daniel Howley and Washington correspondent Ben Werschkul outline the latest developments from the Apple investment announcement on Wednesday.

Apple (AAPL) revealed plans to invest an additional $100 billion in US manufacturing commitments during a press event at the White House with President Trump on Wednesday.

The move follows Apple's prior $500 billion investment in US spending, which includes working with partners to build an AI server plant in Texas.

Shares of Apple climbed more than 3% premarket on Thursday following the news.

Apple says that the $100 billion announcement includes its new American Manufacturing Program (AMP), which the company says will incentivize global companies to build critical components in the US.

Read more here.

Bloomberg News reports:

Sony Group Corp's (SONY) shares had their best day in two weeks after the Japanese company lifted its profit forecast on growth in its entertainment divisions, easing investor fears about possible US tariffs on chips.

Momentum in the music and games segments bolstered the Tokyo-based company’s outlook, Sony said on Thursday. The number of monthly active users on its PlayStation platform rose 6% from a year ago, alongside an increase in total hours played. That’s while the Sony Music segment logged a 5% revenue increase despite a hefty forex impact.

The Japanese entertainment group raised its operating income forecast for the year ending March to ¥1.33 trillion ($9 billion), up 4% and roughly in line with analyst estimates. Back in May, in the midst of uncertainty around Washington’s new import tax regime, Sony had warned its profit would take a ¥100 billion hit. Following Japan’s trade deal with the US, Sony said it now sees a tariff impact of around ¥70 billion. Shares in the company erased earlier losses to rise 4.1% in Tokyo on Thursday.

Read more here.

Taiwan Semiconductor Manufacturing Co. (TSM) shares rose 5% in premarket trading on Thursday after announcing it will not have to pay 100% tariff on sales to the US.

Bloomberg News:

“TSMC is exempted from the chip tariffs because it has set up plants in the US,” Liu Chin-ching, minister in charge of the National Development Council, said in Taipei on Thursday. As for other Taiwanese companies that may be affected by the levies, they “shall continue to stay ahead” if competitors face the same charges.

The US government has also expressed willingness to continue negotiations with Taiwan on tariff issues, Liu added. The government still expects economic growth in 2025 to reach the level of 3.1%, despite the impact of the new levies, Liu said.

Read more here.