U.S. stock index futures paused on Friday as investors awaited clarity on President Donald Trump’s reciprocal tariff plans. This followed strong market gains in recent sessions, putting all three major indexes on track for significant weekly increases.

Trump instructed his economic team to develop reciprocal tariffs for all countries imposing taxes on U.S. imports. However, the directive does not immediately introduce new tariffs. Analysts at Societe Generale noted that the market reaction was muted, suggesting that investors may have temporarily shifted their focus away from trade concerns.

On the previous trading day, major Wall Street indexes closed higher, driven by gains in Nvidia, Apple, and Tesla, which pushed the S&P 500 up by more than 1%. Additional support came from inflation data—U.S. producer prices rose in January, but key components of the PCE index, closely watched by the Federal Reserve, remained stable or declined.

In premarket trading, Tesla gained 2% after rebounding from an 11-week low, Airbnb surged 14% on strong quarterly earnings, while DaVita dropped 10.1% after issuing a weak profit forecast and seeing Berkshire Hathaway reduce its stake. Applied Materials fell 4.8% after forecasting lower-than-expected revenue.