United States stock futures were little changed on Monday night (Tuesday AEDT) after Wall Street staged its strongest rebound in months, recovering a large portion of last week’s sharp losses.
By 9:35 am AEDT (10:35 pm GMT), futures on the Dow Jones Industrial Average, S&P 500, and Nasdaq-100 each traded within a narrow ±0.1% range.
The S&P 500 and Dow Jones each gained more than 1% during regular trading, while the Nasdaq Composite jumped over 2%, marking the S&P 500’s best single-day performance since May.
The rally followed a Truth Social post from President Donald Trump aimed at easing investor concerns over escalating trade tensions between Washington and Beijing.
“Don’t worry about China, it will all be fine,” Trump wrote on Sunday, signalling a more conciliatory stance after his earlier threats of new tariffs had unsettled markets.
The reassurance sparked a surge in technology shares, with Oracle, AMD, and Nvidia all climbing strongly to lead the market higher.
Analysts at ANZ noted: “Comments from President Trump over the weekend signalling an openness to negotiate with China were echoed by U.S. Treasury Secretary, Scott Bessent, who said he is optimistic the current trade tensions can be de-escalated.
"He also said he expects presidents Trump and Xi to meet in South Korea in coming weeks, after ‘substantial communication’ between U.S. and Chinese officials over the weekend.”
With trade optimism lifting sentiment, investors are now turning their attention to the third-quarter earnings season, beginning with major U.S. banks.
JPMorgan Chase and Goldman Sachs are among the first to report on Tuesday, with results expected to provide an early gauge of how tighter financial conditions and global trade risks are impacting corporate profits.
