U.S. stock index futures rose Monday as signs of renewed U.S.–China dialogue buoyed risk sentiment at the start of a week packed with marquee earnings and key inflation readings.

Futures at 06:05 ET: Dow +95 pts (+0.2%), S&P 500 +20 pts (+0.3%), Nasdaq 100 +90 pts (+0.4%).

Trade Detente Supports Risk Tone

Equities built on last week’s gains after President Donald Trump suggested triple-digit tariffs on China were “not sustainable,” stoking hopes for de-escalation. Trump said a late-October meeting with Chinese President Xi Jinping in South Korea remains on schedule, adding the U.S. is “going to be fine with China.”

Treasury Secretary Scott Bessent said he expects to meet Chinese Vice Premier He Lifeng this week, with Chinese state media describing recent exchanges as “constructive” and signaling fresh talks as soon as possible. Tensions had rattled markets earlier in October after the threat of 100% tariffs prompted a sharp pullback from record highs.

Macro: China Growth Slows, Data Calendar Thinned by Shutdown

New figures showed China’s economy grew 4.8% y/y in Q3 2025, slightly above expectations but the slowest pace in a year amid persistent disinflation and trade frictions. In the U.S., an ongoing government shutdown has delayed several economic releases, limiting visibility ahead of the Federal Reserve’s meeting next week.

Earnings: Netflix and Tesla Headline

Investors will parse results from heavily weighted names for signs of margin resilience and demand durability:

• Tuesday: Netflix (NFLX)
• Wednesday: Tesla (TSLA)
• Through the week: GE Aerospace (GE), Coca-Cola (KO), Philip Morris (PM), RTX (RTX), General Motors (GM), Lockheed Martin (LMT), Texas Instruments (TXN)

Major Wall Street banks posted largely positive Q3 results last week, offering a measure of support into this reporting stretch.

Single-Name Highlights

• Apple (AAPL): iPhone 17 series sales outpaced the prior generation by 14% over the first 10 days in the U.S. and China, according to Counterpoint Research.
• Amazon (AMZN): Shares are in focus after an AWS outage impacted multiple sites, drawing attention to cloud resilience and redundancy as peak season approaches.

The Setup

With tariff rhetoric softening, investors will look to earnings guidance and inflation data for confirmation that profit growth can withstand slower global activity. Any signs of progress in U.S.–China talks could extend the bid in cyclicals and tech, while renewed tariff threats or weak guidance would likely cap gains.