U.S. stock futures started the week higher on Monday as investors grew more optimistic about a potential breakthrough in U.S.- China trade negotiations, with an anticipated summit between President Donald Trump and Chinese President Xi Jinping set to take place later this week.
As of 04:27 P.M. (GMT+7), Dow Jones futures increased 292.30 points, or 0.62%, to 47,499.40 points, while S&P 500 futures added 56.20 points, up 0.83%, to 6,847.90 points. Nasdaq 100 futures also increased by 293.80 points, or 1.16% to 25,652.00 points.
The upbeat sentiment on Wall Street comes ahead of a pivotal week, marked by the Federal Reserve’s expected decision to cut interest rates, a series of earnings reports from major technology firms, and President Trump’s visit to Asia.
Last week, the momentum was strong, with all major U.S. indices finishing at record levels. The Dow closed up by 472 points, breaching the 47,000 mark for the first time. The S&P 500 gained 0.8%, nearing the 6,800 threshold, while the Nasdaq Composite surged over 1%.
All eyes are on the scheduled Thursday summit between President Trump and President Xi as markets hope the dialogue will help thaw recently escalated trade tensions.
According to statements cited from Treasury Secretary Scott Bessent on Sunday, the U.S. and China have reached “a very substantial framework” for a broader agreement. Beijing, in parallel, called attention to a “preliminary consensus” forged during weekend discussions, further calming investor fears of an extended trade conflict.
Market participants are largely convinced that the Federal Reserve will cut rates at its upcoming meeting, after cooler-than-anticipated inflation data—a U.S. Consumer Price Index report delayed by the government shutdown—supported the case for monetary easing.
On the corporate front, investor focus is shifting to earnings from leading technology companies. Silicon Valley giants, often referred to as the “Magnificent Seven”—Apple, Microsoft, Alphabet, Amazon, and Meta—are all scheduled to release their third-quarter results in the coming days.
