US stock futures pointed lower Friday, a day after the Dow Jones Industrial Average sank 1,679 points and theS&P 500 dropped 4.8%, the index’s worst trading day since June 2020, followingPresident Donald Trump’s sweeping global tariffs. The tech-heavyNasdaq Compositefell 1,050 points, or 6%, for its worst daily percentage drop since March 2020.

Wall Street, meanwhile, awaited the release Friday of the monthly jobs report. Economists expect the data to reveal a steady employment picture in March. But how long that will last is now a question as employers factor in tariffs and government layoffs.

These stocks were poised to make moves Friday:

The Magnificent Seven stocks— Microsoft, Tesla, Nvidia, Apple, Amazon.com, Meta Platforms, and Alphabet—shed $1.03 trillion in market cap on Thursday, the largest one-day market cap decline on record.

Apple - Apple, down 9.3% on Thursday, lost $313.5 billion in market cap, the iPhone maker’s worst one-day market cap decline ever. The drop Thursday also marked the largest percent decrease since March 16, 2020, when the stock dropped nearly 13%. Apple took a hit Thursday because of its dependence on Chinese manufacturing. Tariffs on goods made in China were set at a combined 54%, although the Trump administration gave conflicting messages about the exact figure. Apple fell 0.9% in premarket trading.

Tesla - Tesla declined 0.7% in premarket trading after the maker of electric vehicles slumped 5.5% on Thursday and ended a two-session winning streak.The decline Thursdayfollowed a 5.3% gain on Wednesday’s for the stock even as Tesla’s first-quarter delivery numbers disappointed. Coming into Friday, Tesla shares have dropped 34% this year.

Nvidia - Nvidia, the leading maker of artificial-intelligence chips, rose 0.3% ahead of the stock market open Friday. The stock closed Thursday down 7.8%, the largest percentage decrease since March 3, leaving the stock at its lowest levels since last summer when there were fears about delays to the rollout of Nvidia’s Blackwell hardware. The stock’s slump on Thursday came even as the White House said tariffs on Taiwan of 32% wouldn’t apply to chips. Nvidia’s chips are mostly manufactured in Taiwan.

Fellow chip makers AMD, Qualcomm, and Broadcom were flat to lower in premarket trading. On Thursday, AMD fell 8.8%, Qualcomm dropped 9.5%, and Broadcom tumbled 11%.

Intel - Intel rose 0.9% after the Information reported the semiconductor company and Taiwan Semiconductor Manufacturing reached a preliminary agreement to form a joint venture to operate Intel’s chipmaking. TSMC would take a 20% stake in the new company while Intel and other U.S. semiconductor companies will hold a majority of the shares, the report said.

Strategy, Hut 8, MARA Holdings, Riot Platforms - Crypto stocks gained in premarket trading on Friday as Bitcoin topped $84,000. Strategy rose 4%; Hut 8 rose 3%; MARA Holdings and Riot Platforms rose 2%; Coinbase rose 0.7%.

Deutsche Bank, HSBC, Barclays, $Wells Fargo(WFC)$, Morgan Stanley - Bank stocks plunged again in premarket trading on Friday. Deutsche Bank and Mitsubishi UFJ fell 8%; HSBC fell 7%; Barclays fell 6%; Wells Fargo and Morgan Stanley fell 3%.

Dell - Dell Technologies was down 0.5% in the premarket session. The personal computer maker was the worst performer in the S&P 500 on Thursday after tumbling 19%. Analysts at Morgan Stanley called the tariffs on information technology hardware makers “calamitous.”

GameStop - GameStop rose 4% after CEO Ryan Cohen increased his stake in the videogame retailer. Cohen purchased 500,000 shares on Thursday at $21.55 a share in the open market, according to regulatory filing. The purchase increased Cohen’s stake in GameStop to about 8.4% of the shares outstanding. GameStop shares fell 7% on Thursday.

Affirm, PayPal - Affirm fell 1.8% in premarket trading and PayPal declined 1.3% after shares of bothfintech stocks tumbled sharply Thursdayon worries that tariffs will boost inflation and an increasingly sluggish U.S. economy could reduce demand for consumer loans. Affirm, the “buy now, pay later” lender fell 19% on Thursday and PayPal, the owner of Venmo, slumped 8.1%.