Stocks surrendered early gains and turned negative on Wall Street after the White House said President Donald Trump would impose promised tariffs on some key U.S. trading partners. The S&P 500 fell 0.

Asian equities were primed to climb Friday following gains on Wall Street that extended beyond the closing bell as Apple Inc shares rose in after-hours trading on its quarterly results.

Tesla, IBM and Meta Platforms helped lead most US stocks higher on Thursday following a rush of profit reports from some of the country’s most influential companies. The S&P 500 rose 0.5%, as four out of every five stocks in the index climbed.