U.S. Stock Futures Rally on Earnings Optimism and Musk Pay Speculation
U.S. stock futures climbed Monday as investors digested corporate earnings updates and anticipated developments in trade negotiations between Washington and Beijing. Nasdaq 100, Dow Jones, and S&P 500 futures ROSE 0.38%, 0.17%, and 0.28% respectively in early trading.
The bullish momentum follows Friday's gains, fueled by planned U.S.-China trade talks and potential tariff delays. Market participants await a possible late-October meeting between Presidents TRUMP and Xi Jinping, which could avert planned November tariffs on Chinese goods.
Notable pre-market movers included Cleveland-Cliffs, up 9% despite an earnings miss, and Tesla shares gaining on Ark Invest's Cathie Wood predicting approval of Elon Musk's compensation package. Beyond Meat surged amid what analysts suspect was a short squeeze.
