American stockfutures jumped on Sunday evening, while Wall Street took a weekend full of different reports from President Trump's administration about her rate policy.
Futures bound to the S&P 500 (ES = F) rose 0.8%, while they jumped 1.3%on the technically heavy Nasdaq (NQ = F). Dow Jones Industrial Average Futures (YM = F) Reden by 0.4%.
From 12:04:52 am Edt. Market open.
Es = F YM = F NQ = F
Trump and his top advisers sowed confusion this weekend about the future of his rates about China and on specific sectors. Megacap technology companies such as NVIDIA (NVDA) and Apple (AAPL) scored an important – as a temporary – victory on Saturday, when it was revealed that the US had excluded smartphones, computers and other consumer electronics from rates.
On Sunday, the American trade secretary Howard Lutnick said that the electronics would soon be covered under taxes that he said would be separate from that of specific countries.
Trump himself added to the muddy message when he said in a long Sunday post on social media that there was “no exception” for those products.
“We look at semiconductors and the entire electronics -supply chain in the coming investigation into the national security rate,” he said.
Wall Street has braced the developments for another week of rate-driven ups and downs. The most important indexes had their best week since at least 2023 last week, although it came to everything but conventional fashion. A historical increase on Wednesday – after Trump had raised the rates over China to 145%, but most other “mutual” tasks pauted – was the highlight of a week full of extraordinary volatility.
Traditional “safe haven” assets have been focused in particular in recent days, because the returns have risen in the longer term while the US dollar has weakened against foreign currencies.
In the meantime, investors will continue to hear from companies this week about the early impact of the rates. Large banks will be the focus at the start of the week, where Goldman Sachs (GS) reports on Monday and Bank of America (BAC) and CITI (C) the coming Tuesday.
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