US stock futures jumped Sunday evening, as Wall Street took in a weekend full of diverging messages from President Trump’s administration on its tariff policy.
Futures tied to the S&P 500 (ES=F) rose 0.5%, while those on the tech-heavy Nasdaq (NQ=F) jumped over 1%. Dow Jones Industrial Average futures (YM=F) were up 0.3%.
Trump and his top advisers sowed confusion this weekend on the future of its tariffs on China and on specific sectors. Megacap tech companies like Nvidia (NVDA) and Apple (AAPL) scored a significant — if temporary — victory Saturday, when it was revealed that the US had excluded smartphones, computers, and other consumer electronics from tariffs.
Then on Sunday, US Commerce Secretary Howard Lutnick said that those electronics would soon be covered under levies that he said would be separate from those imposed on specific countries.
Trump himself added to the muddied message when he said in a lengthy Sunday post on social media that there was “no exception” for those products.
“We are taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations,” he said.
The developments have Wall Street braced for another week of tariff-fueled ups and downs. The major indexes had their best week since at least 2023 last week, though it came in anything but conventional fashion. A historic surge upward on Wednesday — after Trump hiked tariffs on China to 145% but paused most other “reciprocal” duties — was the highlight of a week full of extraordinary volatility.
Traditional “safe-haven” assets have come in particular focus in recent days, as longer-term Treasury yields have surged while the US dollar has weakened against foreign currencies.
Meanwhile, investors this week will continue to hear from companies on the early impact of the tariffs. Big banks are set to be the focus on the early part of the week, with Goldman Sachs (GS) reporting Monday and Bank of America (BAC) and Citi (C) coming Tuesday.
LIVE 1 update
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Stock futures open higher
Futures tied to the major indexes opened higher as Wall Street weighed the latest tariff developments. At least to start, a temporary reprieve for tech seemed to lift the mood, even though President Trump said there was no “exception” for tech.
S&P 500 (ES=F) futures were up 0.8%, Nasdaq (NQ=F) futures rose over 1%, and Dow Jones Industrial Average futures (YM=F) gained 0.6%.
The post Dow, S&P 500, Nasdaq futures rise as tech gets a temporary tariff reprieve appeared first on Yahoo Finance.
