U.S. Stock Futures Gain Amid Earnings Optimism and Rate-Cut Speculation
U.S. stock futures climbed Wednesday morning as investors shifted focus from U.S.-China trade tensions to corporate earnings and potential Federal Reserve rate cuts. Nasdaq 100, Dow Jones, and S&P 500 futures ROSE 0.97%, 0.53%, and 0.76%, respectively, by 8:22 a.m. EST.
Bank of America surged 5% in pre-market trading following strong Q3 earnings, while Morgan Stanley and ASML also posted gains after beating expectations. Market volatility persisted from Tuesday's session, where the S&P 500 and Nasdaq closed lower despite the Dow's 0.44% gain.
The moves come amid escalating trade tensions, with China imposing new sanctions on U.S. subsidiaries of Hanwha Ocean and the TRUMP administration threatening additional tariffs. Rare earth export controls by Beijing further complicate the economic landscape.
