Dow Jones futures gain on improved market sentiment, awaits earnings from tech giants
Trending Articles- Silver Price Forecast: Trump Signals Rapid Progress in US-Iran Negotiations, Bulls Target $90
- Gold declines below $4,500 as Iran tensions stoke inflation fears and bolster Fed hike bets
- $1.5 Billion in Crypto Assets Liquidated, Bitcoin Falls Below $66,000 Mark. What Is the Reason?
- Bitcoin Suffers Year’s Strongest Waterfall-Style Decline. Will It Next Drop to the $60,000 Mark?
- WTI rises to near $93.00 as Iran launches missiles toward Kuwait, Bahrain
- Bitcoin drops below $65K amid reinforced bear market signals
Dow Jones futures receive support from the report that US-China negotiators reached a consensus ahead of the Trump-Xi Jinping meeting.
US stocks gain support as the Fed is widely anticipated to deliver a 25-basis-point rate cut this week.
Traders await earnings reports from major tech giants, including Apple, Amazon, Alphabet, Meta, and Microsoft.
Dow Jones futures rise 0.65% to trade near 47,700 during European hours, ahead of the opening of the United States (US) regular session on Monday. The S&P 500 futures gain 0.84% to trade around 6,880, while Nasdaq 100 futures surge 1.13% to reach 25,800 at the time of writing.
US index futures gain ground on improved market sentiment, driven by reports that US and Chinese negotiators have reached a consensus on major disputes and paved the way for Presidents Donald Trump and Xi Jinping to meet on Thursday to finalize a trade deal.
US Treasury Secretary Scott Bessent told CBS News that President Trump’s threat to impose 100% tariffs on Chinese goods “is effectively off the table.” Bessent added that China has agreed to make “substantial” soybean purchases and to postpone its rare-earth export controls “for a year while they re-examine it.”
US stock markets also draw support from the increased likelihood of a rate cut by the US Federal Reserve (Fed) this week, following softer recent US inflation data for September. The CME FedWatch Tool indicates that markets are now pricing in nearly a 97% chance of a Fed rate cut in October and a 96% possibility of another reduction in December.
In Friday’s regular session, Wall Street closed higher, with the Dow Jones and Nasdaq 100 up over 1%, the S&P 500 gaining 0.79%. Investors now await earnings reports from major tech giants, including Apple, Amazon, Alphabet, Meta, and Microsoft.
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
