U.S. stock futures surged Sunday night as President Donald Trump struck a more conciliatory tone on China, helping ease fears of a renewed trade war and fueling a rebound after last week’s sharp selloff.
At 7:43 p.m. ET:
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S&P 500 futures rose 1.1% to 6,665.50
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Dow futures gained 0.7% to 46,027.0
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Nasdaq 100 futures jumped 1.6% to 24,781.0
Markets had been rattled after Trump announced 100% tariffs on all Chinese imports and new restrictions on sensitive U.S. software exports. But over the weekend, he posted on social media:
“Don’t worry about China — everything will be fine… We want to help China, not hurt China.”
Investors took the remarks as a sign negotiations may continue.
China’s Commerce Ministry warned it would “take all necessary measures” if Washington pushes forward and stressed it was “not afraid of a trade war.”
Offsetting optimism, the U.S. government shutdown entered its second week, delaying key economic data and clouding the Federal Reserve outlook.
This week, major banks including JPMorgan, Goldman Sachs, and Bank of America will report earnings — an early test of Wall Street’s resilience amid policy uncertainty.