U.S. stock futures ticked higher on Friday after the Dow Jones Industrial Average logged its second losing day in the past three. Futures tied to the Dow Jones Industrial Average rose 82 points, or 0.2%. S&P 500 futures and Nasdaq 100 futures each climbed 0.2%. In Thursday’s regular trading, the 30-stock Dow closed down about 224 points, or 0.5%, while the S&P 500 ended the session off 0.08%. The Nasdaq Composite outperformed and added nearly 0.4%. The blue-chip Dow saw some sharp swings during the day, up 305 points at its high and down nearly 394 points at its low. President Donald Trump’s “reciprocal” tariffs took effect at midnight on Thursday, with some of the steepest duties including Syria’s 41% and the 40% rate facing Laos and Myanmar. Stocks initially rose Thursday morning after Trump announced a day earlier that his 100% tariff on imported semiconductor chips would not affect companies that are “building in the United States.” Going forward, the main area of focus for investors continues to be watching Trump’s trade policies play out, said Thomas Martin, senior portfolio manager at Globalt Investments. “There’s less turbulence with tariffs, but there’s still plenty of turbulence. There’s still plenty of questions out there as to how they’re going to affect companies’ decision making, supply chains, costs, margins, pricing, how it’s going to affect consumers and whatnot,” Martin told CNBC. “So I think there’s still a lot of a lot of uncertainty associated with the tariffs. It’s still the most important thing, at this point, that just has to be worked out.” On Thursday afternoon, the president announced that he has selected Stephen Miran, chair of the Council of Economic Advisors, as his pick to replace Adriana Kugler on the Federal Reserve Board of Governors. Miran will serve out the rest of Kugler’s term, which expires in January, following her resignation last Friday. The major averages are on pace for weekly gains, with the S&P 500 up 1.6% and the Dow on pace for a 0.9% advance. The Nasdaq is poised for a 2.9% climb. U.S. Treasury yields were little changed on Friday as investors weighed a week of tariff developments and their effect on the U.S. economy. The 10-year Treasury yield was less than a basis point higher at 4.252%, while the 30-year Treasury bond yield rose just over one basis point to 4.827%. The 2-year Treasury yield gained less than one basis point to 3.742%. Asia-Pacific markets ended the day mostly lower on Friday. Hong Kong’s Hang Seng Index declined 0.89% to close at 24,858.82, while mainland China’s CSI 300 index decreased by 0.24% to 4,104.97. Japan’s Nikkei 225 benchmark ended the day 1.85% higher at 41,820.48, while the broader Topix index added 1.21% to 3,024.21. Meanwhile, South Korea’s Kospi index retreated 0.55% to close at 3,210.01, while the small-cap Kosdaq moved up 0.43% to 809.27. Australia’s S&P/ASX 200 benchmark fell 0.28% to end the day at 8,807.10. Oil prices were little changed in early Asian hours on Friday, but were headed for their steepest weekly losses since late-June, as investors expressed concern over the impact to the global economy from tariffs that kicked into effect on Thursday. Brent crude futures were down three cents to $66.40 a barrel at 0050 GMT, on track to decline more than 4% week-over-week. U.S. West Texas Intermediate crude futures CLc1 were down six cents, or 0.1%, to $63.82 a barrel, set to fall more than 5% on a weekly basis. Higher U.S. tariffs against a host of trade partners went into effect on Thursday. The tariffs raised concerns of weaker economic activity, which would hit demand for crude oil, ANZ Bank analysts said in a note. Gold futures climbed to a record high on Friday after a report that the United States had imposed tariffs on imports of 1-kg gold bars, while spot gold stayed on track for a second straight weekly gain on tariff turmoil and U.S. interest rate-cut hopes. Spot gold was down 0.3% at $3,386.30 per ounce, as of 0305 GMT, after hitting its highest since July 23 earlier in the session. Bullion is up 0.7% so far this week. U.S. gold futures for December delivery were up 0.9% at $3,484.10, after hitting an all-time high of $3,534.10. The price spread between New York futures and spot prices widened by more than $100 after the Financial Times reported on Thursday that the United States had imposed tariffs on imports of 1-kg gold bars, citing a letter from Customs and Border Protection.