U.S. stocks closed mostly lower on Thursday as President Trump's new tariffs took hold, with the Dow booking its worst day in about a week. Still, the Nasdaq swept to its first record close of August

U.S. stock futures moved higher on Thursday following the implementation of President Donald Trump’s expanded tariff measures, which target a wide array of countries and aim to reshape global trade dynamics.

Stocks looked set to tick up on Friday, as investors weighed up President Donald Trump’s move to tighten his grip on the Federal Reserve in a bid to get the central bank to favor aggressive interest rates.