U.S. Stock Futures Rally as Trump Tempers China Tariff Threat
U.S. stock futures surged early Monday after former President Donald TRUMP downplayed the possibility of new tariffs on Chinese imports, soothing investor nerves. Nasdaq 100 (NDX), S&P 500 (SPX), and Dow Jones Industrial Average (DJIA) futures climbed 1.96%, 1.43%, and 1.03%, respectively, by 4:33 a.m. EST.
The rebound follows Friday's sharp sell-off, which erased weekly gains for all three major indexes. Trump's Sunday Truth Social post signaling potential reconsideration of tariffs sparked the reversal, easing fears of a renewed trade war that had triggered a $2 trillion global market rout.