Stocks looked set to tick up on Friday, as investors weighed up President Donald Trump’s move to tighten his grip on the Federal Reserve in a bid to get the central bank to favor aggressive interest rates.

Wall Street's major averages ticked up on Friday, amid a rally in tech stocks that boosted market sentiment, even as investors continued to weigh the impact of Donald Trump's tariffs. The benchmark S&P 500 (SP500) was advanced +0.

U.S. stock futures moved higher on Thursday following the implementation of President Donald Trump’s expanded tariff measures, which target a wide array of countries and aim to reshape global trade dynamics.

Worries are high that Trump’s tariffs are damaging the economy, particularly after last week’s worse-than-expected report on the job market.

Global financial markets have taken President Donald Trump's tariff adjustments in stride, with Asian and European shares and U.S. futures mostly higher

The Trump administration's tariffs are expected to raise $50 billion a month, with revenue going into the general fund.

Economists caution new tariffs could pose economic risks, but the White House says growth is rebounding amid low inflation.