Stock Futures Signal Optimism on Wall Street
U.S. stock futures moved higher Sunday night, building on last week’s rebound when the S&P 500 broke a four-week losing streak.
As of 11 p.m. Eastern, futures for the Dow Jones Industrial Average (YM00 +0.75%) were up about 220 points, or 0.5%. S&P 500 futures (ES00 +0.97%) gained 0.6%, while Nasdaq-100 futures (NQ00 +1.19%) advanced 0.8%.
In commodities, crude oil prices (CL.1 +0.34%) edged down, gold (GC00 +0.22%) remained mostly flat, and bitcoin (BTCUSD +2.54%) briefly surpassed $86,000 for the first time since Thursday.
The S&P 500 (SPX +0.08%) rose 0.5% last week, and the Nasdaq Composite (COMP +0.52%) inched up 0.2%, ending their losing streaks. The Dow Jones Industrial Average (DJIA +0.08%) climbed 1.2%, notching its first weekly gain in three weeks.
The Federal Reserve kept interest rates steady on Wednesday and reiterated its expectation of two rate cuts later this year. Former President Donald Trump, however, renewed calls for immediate cuts to counteract the impact of his tariffs.
Despite the market’s upward momentum, uncertainty remains. Key economic data is expected this week, and Trump’s reciprocal tariffs are set to be announced next week. Investors remain wary of how these tariffs could influence inflation and economic growth.
On Sunday, The Wall Street Journal reported that the White House may narrow the tariffs to target specific countries and industries, avoiding broader measures.
