Wall Street is assessing President Trump''s tariff salvo on Apple and what his giant tax bill means for the deficit and the economy.

U.S. stock index futures turned lower on Friday as shares of Apple dropped after U.S. President Donald Trump said the company would have to pay a 25% tariff if phones sold in the country are not made within its borders.

If President Trump's earlier threat to slap tariffs on Apple Inc. products knocked stock futures off balance, his latest Truth Social post has sent them sharply lower. In a second trade-related post on his social-media platform on Friday,

US stock futures were at a standstill as Wall Street looked forward to wrapping up a week marked by growing doubts about the economy's health under Trump's trade and tax agendas.

Futures for Canada's main stock index were subdued on Friday, mirroring Wall Street peers, as investors remained cautious of U.S. debt burden and awaited trade and economic updates.

Oil futures shake off early weakness and turn higher, while remaining on track for a small weekly loss driven by concerns that OPEC+ will decide on another large output increase for July. A renewal of

Volatility Shares debuts the first XRP futures ETF, XRPI, on Nasdaq. Provides unlevered exposure to XRP futures. Risks noted.

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