Stock market today: Dow, S&P 500, Nasdaq futures surge as markets cheer US-China trade talks

Dow Jones Industrial Average (YM=F) futures roseate by implicit 400 points, oregon 1%, portion S&P 500 (ES=F) futures precocious 1.2%. Nasdaq 100 (NQ=F) futures led gains with a 1.6% jump.

The market-friendly momentum followed a play of high-level commercialized talks successful Switzerland, which Treasury Secretary Scott Bessent called "productive." While details stay scarce, Bessent promised further clarity during a briefing connected Monday.

The rally successful futures comes aft a downbeat week for stocks. All 3 large indexes fell past week, with the Dow snapping a two-week winning streak successful the latest volatile enactment connected Wall Street.

Inflation fears are gripping markets, with the interaction of sweeping 145% tariffs connected Chinese imports, a determination met with retaliatory 125% duties from Beijing, coming to American consumers' pockets. Year-ahead ostentation expectations beryllium astatine their highest level successful much than 40 years.

Commerce Secretary Howard Lutnick added Sunday that the U.S. remains committed to a 10% baseline tariff complaint connected each imports to the US, signaling the administration’s assertive stance adjacent arsenic talks with much nations are underway.

Traders volition get their archetypal consciousness of the archetypal inflationary effects of the tariffs with the merchandise of cardinal ostentation information this week. April’s Consumer Price Index (CPI) study is owed Tuesday, followed by retail income and the Producer Price Index (PPI) connected Thursday.

Notable net this week see Fox Corporation (FOXA), Monday.com (MNDY), Chegg (CHGG) each releasing reports Monday, with Sony (SONY), Alibaba (BABA), and Wallmart (WMT) each owed aboriginal successful the week.