Investors were focused on President Trump's tariff policy on Thursday as the president unveiled plans for new chips tariffs that included exemptions for companies building in the U.S., or that have committed to build.

US stocks were mixed Thursday morning as President Trump's sweeping tariffs hit dozens of US trade partners after his self-imposed deadline for countries to strike deals expired. Trump's deadline for trade deals landed at 12:01 a.

Stock index futures gained on Thursday, as traders weighed President Donald Trump's latest tariff policies. S&P 500 futures (SPX) +0.5%, Nasdaq 100 futures (US100:IND) +0.5%, and Dow futures (INDU) +0.