Stock futures were lower Friday as the U.S.-China trade war intensified and as investors turned their attention to earnings reports from some of the largest U.S. banks.

These stocks were poised to make moves Friday:

JPMorgan Chase is expected by Wall Street to report first-quarter earnings of $4.63 a share, higher than year-earlier profit of $4.44. Revenue was forecast at $43.9 billion with analysts anticipating net interest income of $23.16 billion, slightly lower than the first quarter of 2024. JPMorgan was up 0.3% in premarket trading.

For all the banks this earnings season, investors will be looking most closely for commentary on the economy, client activity, and financial guidance, as well as what the banks say about President Donald Trump's trade and tariff policies.

Analysts expect Wells Fargo, the San Francisco bank, to post first-quarter earnings of $1.23 a share, up from the year-earlier's $1.20. The stock fell 1.3% ahead of the bank's report.

Morgan Stanley rose slightly in premarket trading ahead of first-quarter earnings from the investment bank. Analysts anticipate Morgan Stanley to post a profit of $2.21 a share, up from $2.02 for the same period in 2024.

BlackRock, the world's largest asset manager, was up 0.7% in the premarket session. Analysts expect BlackRock's assets under management during the first quarter to reach a record of $11.69 trillion, up from $10.47 trillion a year earlier. The company was forecast post adjusted earnings of $10.08 a share, lower than the year-earlier period.

Earnings reports are also expected Friday from Bank of New York Mellon and Fastenal.

Electric-vehicle maker Tesla fell 1.7% in the premarket session after tumbling 7.3% on Thursday. Tesla closed up 23% on Wednesday, the stock's second-best daily percentage gain since May 9, 2013, after President Donald Trump's move to pause reciprocal tariffs on most countries for 90 days but not China. Coming into Friday, Tesla has dropped 38% this year.

Apple declined 0.6% in premarket trading. The iPhone giant fell 4.2% on Thursday and coming into Friday has fallen 24% this year. Apple makes most of its iPhones in China, so the trade war between Washington and Beijing is especially troublesome for the company. China on Friday raised tariffs on U.S. goods to 125%, the latest in the tariffs tit-for-tat.

Nvidia slipped 0.4% in premarket trading. Shares of the maker of artificial-intelligence chips closed down 5.9% on Thursday. Trading in the stock continues to be driven by wider market sentiment around tariffs.

Computer-peripherals maker Logitech was down 1.1% after reaffirming it expects fiscal 2025 net sales of $4.54 billion to $4.57 billion but said it was withdrawing its outlook for fiscal 2026 "given the continuing uncertainty of the tariff environment."