Major United States stock futures rose on Sunday evening (Monday AEST) as market participants assessed President Donald Trump’s latest revisions to his controversial reciprocal tariff policy.
By 9:30 am AEST (11:30 pm GMT), Dow Jones Industrial Average futures added 0.5%, S&P 500 futures gained 0.8%, while Nasdaq-100 futures jumped 1.1%.
The optimism in futures markets followed news that the Trump administration suspended a tariff increase of 125% on major electronic goods coming from China, including smartphones, computers, and semiconductor components.
These items will not be subject to the “reciprocal” tariffs announced earlier in the month, at least for now.
However, the exemption status remains uncertain. In a Truth Social post on Sunday (Monday AEST), Trump clarified that while these products would avoid the new tariffs for now, they remain subject to a 20% duty under the existing "Fentanyl Tariff" framework.
Attention now turns to a critical stretch of earnings reports, with major banks including Goldman Sachs, Bank of America, and Citigroup set to release results on Monday. Investors will also be watching updates from consumer-facing giants such as Netflix and United Airlines later in the week.
