Major United States stock futures moved higher on Monday evening (Tuesday AEST), offering some relief to market participants after a volatile session, as sentiment was weighed down by heightened trade tensions following President Donald Trump’s tariff announcement.
By 8:40 am AEST (10:40 pm GMT) Dow Jones Industrial Average futures and Nasdaq-100 futures added 1%, while S&P 500 futures rose 0.8%.
In extended deals, Broadcom gained 4% in after-hours trading after the company revealed a new US$10 billion share repurchase programme, authorised by its Board of Directors and running through the end of 2025.
Levi Strauss also popped 11.9% after posting first-quarter results that beat revenue expectations and reaffirming its full-year guidance, excluding the impact of the newly announced tariffs.
In the healthcare sector, Humana, CVS Health, and UnitedHealth Group advanced following news that the Trump administration had approved a significant increase in Medicare insurer payment rates, providing a fresh tailwind for the sector.
The positive futures action followed a turbulent day on Wall Street, as the Dow Jones Industrial Average dropped 349.3 points, or 0.9%, closing at 37,965.6. The S&P 500 dipped 0.2% to 5,062.3, while the Nasdaq Composite edged up 0.1% to 15,603.3.
