US Stock Futures Extend Gains
On Monday, US stock futures showed gains as markets continued to weigh the implications of the Trump's administration's unpredictable trade policies. Futures tied to the three major stock indices each rose approximately 1%. Over the weekend, the administration temporarily halted its aggressive reciprocal tariffs on computers and electronics. However, the President noted that this pause is temporary as sector-specific tariffs on computers and semiconductors will soon follow. This ongoing shift in US trade policy has recently led to sell-offs in equities, Treasury securities, and the dollar. Still, the potential for softer-than-anticipated tariffs on Chinese electronics offered some relief to companies reliant on the world's largest manufacturer. As a result, futures for Apple, Tesla, and Nvidia saw significant upticks. Additionally, Goldman Sachs was set to release its earnings before the market opened.
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