Futures jump on hopes of measured US tariffs

Reuters

Mon, Mar 24, 2025, 3:38 AM 2 min read

(Reuters) - Wall Street futures jumped connected Monday, arsenic investors held retired anticipation for a much measured attack to U.S. tariffs, and awaited economical information for signals connected the wellness of the U.S. system and inflation.

U.S. President Donald Trump's medication is apt to exclude a acceptable of sector-specific tariffs portion applying reciprocal levies connected April 2, according to media reports implicit the play that helped sentiment successful aboriginal trading.

The main U.S. banal indexes closed somewhat higher connected Friday and marked play gains aft Trump hinted astatine flexibility connected a caller circular of tariffs acceptable to spell into effect adjacent month.

Financial markets person whipsawed implicit the past respective weeks arsenic traders person been confronted by fears of a crisp U.S. economical slowdown aft Trump announced a bid of tariffs past period connected immoderate of its main trading partners including China, Mexico and Canada.

However, U.S. stocks look to person recovered a level aft weeks-long selloff that pushed the benchmark S&P 500 and the tech-heavy Nasdaq down by 10% from their grounds highs - commonly known arsenic correction.

By 6:10 a.m. ET, S&P 500 E-minis were up 53.75 points, oregon 0.94%. Nasdaq 100 E-minis climbed 228.5 points, oregon 1.14% and Dow E-minis added 306 points, oregon 0.72%.

Investors were besides awaiting a slew of economical indicators this week including concern enactment information for March, play jobless claims and the Personal Consumption Expenditure (PCE) terms scale - the Federal Reserve's preferred ostentation gauge.

S&P Global's flash PMI readings aboriginal successful the time are expected to amusement U.S. manufacturing and services assemblage enactment slowed successful March.

Technology stocks led the mode higher successful premarket trading. Amazon.com roseate 1.6%, Nvidia added 1.2% and Apple gained 1%.

Super Micro Computer dipped 3% aft a study said Goldman Sachs downgraded the server shaper to "sell."

(Reporting by Sruthi Shankar successful Bengaluru; Editing by Maju Samuel)