US stocks fell on Friday as investors reacted to the possible threat of more tariffs while digesting a jump in consumer expectations for inflation, and the monthly jobs report. The markets took a leg lower after a report from Reuters said President Trump told Republican lawmakers that he plans to announce reciprocal tariffs on American imports as early as Friday.

U.S. stock market futures rose in early action Thursday, possibly setting up for a third day of gains with major indexes within touching distances of record highs. Dow Jones Industrial Average futures rose 66 points, or 0.2%, to 45070. S&P 500 futures gained 8 points, or 0.1%, to 6094. Nasdaq-100 futures increased 16 points, or 0.1%, to 21779.