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U.S. stock index futures surged on Tuesday, rebounding from last week\u2019s losses, after President Donald Trump announced a delay in imposing steep trade tariffs on the European Union. The move alleviated immediate fears of a transatlantic trade war and bolstered risk appetite across markets.<\/p>\n\n\n\n
At 06:20 ET (10:20 GMT), Dow Jones Futures leapt 565 points, or 1.4%, S&P 500 Futures rose 90 points, or 1.6%, and Nasdaq 100 Futures advanced 365 points, or 1.8%. Wall Street had been closed on Monday for the Memorial Day holiday.<\/p>\n\n\n\n
Trump\u2019s decision to postpone the proposed 50% tariffs on EU goods to July 9 came after a phone call with European Commission President Ursula von der Leyen. Both leaders signaled a renewed willingness to engage in trade talks, offering a reprieve to markets rattled by Friday\u2019s tariff threats, which had also targeted Apple (NASDAQ:AAPL).<\/p>\n\n\n\n
The delay provides a narrow window for potential agreements, as the July deadline coincides with the activation of Trump\u2019s broader \u201creciprocal\u201d tariff plan.<\/p>\n\n\n\n
The market\u2019s rebound also faces a test from upcoming Federal Reserve speeches, with investors looking to insights from Minneapolis Fed President Neel Kashkari and New York Fed President John Williams. Their remarks follow a week of cautious commentary from Fed officials, emphasizing economic uncertainty and persistent inflation risks. Meanwhile, economic releases including durable goods orders, housing data, and consumer confidence figures are due Tuesday.<\/p>\n\n\n\n
In corporate news, all eyes turn to Nvidia (NASDAQ:NVDA), set to report earnings after the close on Wednesday. Nvidia\u2019s results are widely seen as a bellwether for global AI demand, with expectations running high following massive gains fueled by the AI boom. Investors will also track results from Okta (NASDAQ:OKTA) later on Tuesday.<\/p>\n\n\n\n
Oil prices held steady as traders awaited the outcome of the OPEC+ meeting later this week. At 06:20 ET, Brent futures edged up 0.2% to $64.22 a barrel, while U.S. West Texas Intermediate crude futures rose 0.2% to $61.63. The producer group is reportedly considering a production increase of 411,000 barrels per day in July, as it continues to unwind output cuts.<\/p>\n\n\n\n
The week\u2019s developments underline the ongoing balancing act for markets: navigating unpredictable trade policies, a cautious Fed, and sector-specific growth narratives like AI, all while monitoring global oil dynamics.<\/p>\n","protected":false},"excerpt":{"rendered":"
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