Stock futures rose Thursday, led by tech, as President Donald Trump unveiled new chip tariffs that include broad exemptions. Futures tied to the Dow Jones Industrial Average added 247 points, or 0.6%. S&P 500 futures and Nasdaq 100 futures advanced 0.7% and 0.8%, respectively. Trump announced late Wednesday that there would be a 100% tariff on imported chips, but not for companies that are “building in the United States.” Nvidia shares rose more than 1% in the premarket, while Advanced Micro Devices climbed more than 2%. The VanEck Semiconductor ETF (SMH) gained about 2% before the bell. Apple also gained 2% after the iPhone maker announced plans to spend an additional $100 billion on U.S. companies and suppliers over the next four years. That’s on top of a $500 billion announcement Apple made in February. “We’re going to be putting a very large tariff on chips and semiconductors,” Trump said in the Oval Office on Wednesday. “But the good news for companies like Apple is if you’re building in the United States or have committed to build, without question, committed to build in the United States, there will be no charge.” The market is shrugging off the Trump administration’s “reciprocal” tariffs, which went into effect Thursday. In a post on Truth Social, the president wrote that “BILLIONS OF DOLLARS IN TARIFFS ARE NOW FLOWING INTO THE UNITED STATES OF AMERICA!” Stocks are coming off of a positive session. The S&P 500 ended Wednesday about 0.7% higher, while the Nasdaq Composite advanced 1.2%. The 30-stock Dow gained about 81 points, or 0.2%. Week to date, the S&P 500 has gained 1.7% and the Nasdaq has added 2.5%. The 30-stock Dow has advanced 1.4%. Prior to Wednesday’s modest gains, the S&P 500 had notched five losing sessions over the past six trading days, and the Dow had had six negative days in the past seven. Kristian Kerr, head of macro strategy at LPL Financial, noted that market volatility has dramatically declined since early April during the height of tariff tensions. “Volatility across major asset classes is currently sitting at unusually low levels,” Kerr said in a note. “Equities have also followed suit, with one-month realized volatility in some of the indexes falling to levels not seen since June of last year.” U.S. Treasury yields were little changed on Thursday morning as investors monitored the latest trade developments with President Donald Trump’s “reciprocal” tariffs coming into effect. The 10-year yield was more than 1 basis point higher at 4.244%, and the 30-year Treasury bond yield rose less than 1 basis point to 4.819%. The 2-year Treasury yield was up more than 2 basis points at 3.722%. Asia-Pacific markets closed mostly higher Thursday. Japan’s Nikkei 225 benchmark rose 0.65% to close at 41,059.15, while the Topix climbed 0.72% to 2,987,92. Over in South Korea, the Kospi index advanced 0.92% to end the day at 3,227.68, and the small-cap Kosdaq added 0.29% to close at 805.81. Hong Kong’s Hang Seng Index was 0.69% higher at 25,081.63, while mainland China’s CSI 300 ended the day flat. Australia’s S&P/ASX 200 bucked the wider trend, closing 0.14% lower at 8,831.4. Oil prices steadied on Thursday, paring early gains after the Kremlin announced that Russian President Vladimir Putin will meet U.S. President Donald Trump in the coming days, raising expectations for a diplomatic end to the war in Ukraine. Brent crude futures were up 21 cents, or 0.3%, at $67.1 a barrel while U.S. West Texas Intermediate crude gained 20 cents, or 0.3%, to $64.55. Both benchmarks slid about 1% on Wednesday, touching their lowest in eight weeks, after comments from Trump on progress in talks with Moscow. Gold edged higher on Thursday as renewed trade tensions sparked by steep U.S. tariffs boosted safe-haven demand, while a weaker dollar and growing interest-rate cut bets added to the bullion’s appeal. Spot gold was up 0.4% at $3,380.81 per ounce. U.S. gold futures gained 0.6% to $3,454.80. The dollar fell 0.2%, dropping to a 1½-week low, making gold less expensive for other currency holders.