US stocks trimmed losses on Thursday, finishing mixed after President Trump's sweeping tariffs hit dozens of US trade partners. Meanwhile, Trump also previewed coming chip tariffs, suggesting a carveout that could benefit Big Tech companies.

Apple AAPL rallied 1.5% after two days of strong gains. Apple stock is up nearly 10% this week. Chief Executive Tim Cook visited the White House this week and announced another $100 billion in U.S. investment, bringing the total to $600 billion over the next four years.