The major market averages on Wall Street opened higher on Friday, with the Nasdaq leading the pack, as Apple and Intel's earnings reports brought cheer, while the Fed's preferred inflation gauge came in line with expectations.

U.S. stock market futures higher traded higher on Friday, getting a boost from a small earnings beat at Apple but with looming tariff developments threatening to upend the momentum. Dow Jones Industrial Average futures rose 113 points, or 0.3%, to 45168. S&P 500 futures gained 25 points, or 0.4%, to 6124.