Markets are assessing the reshaped US trade landscape after Trump on Thursday laid out steep new tariffs for dozens of countries.

Broadcom stock rallied 2% to hit a new high, while Palantir gained 0.4%, bouncing back from Monday's losses. Tesla skidded more than 1%, as it still tries to regain its 50-day moving average. And Uber stock steered 2.5% lower, threatening to breach its own 50-day line for the first time since late April.

Stock futures moved sharply lower Friday morning as investors reacted to news that the U.S. plans to impose higher tariffs on dozens of countries.