Merchants work on the ground of the New York Inventory Alternate on Could 21, 2025.
NYSE
Inventory futures jumped Monday evening after President Donald Trump mentioned over the vacation weekend that he agreed to delay tariffs of fifty% on the European Union.
Dow Jones Industrial Common futures added 455 factors factors, or 1.1%. S&P 500 futures climbed 1.2%, whereas Nasdaq 100 futures popped 1.4%.
Trump on Sunday mentioned that he would push again the 50% levy deadline on the EU to July 9 following a request from Ursula von der Leyen, the president of the European Fee. That comes after Trump final week proposed an import tax of fifty% on the EU starting June 1.
“Whereas the delay in EU tariffs has supplied a short-term increase to futures markets, underlying considerations about commerce relations and upcoming financial indicators proceed to weigh on investor sentiment,” mentioned Naeem Aslam, investing chief at Zaye Capital Markets, in a observe to shoppers.
Monday evening’s motion follows a shedding week on Wall Avenue. The Dow, S&P 500 and Nasdaq Composite all slid greater than 2% as Trump’s requires tariffs on the EU, together with Apple, involved traders. The U.S. inventory market was darkish on Monday in recognition of Memorial Day.
Buyers will look ahead to financial information on sturdy items, housing and client confidence on Tuesday. They will additionally monitor commentary from Minneapolis Federal Reserve President Neel Kashkari and New York Fed President John Williams.
Merchants may also observe earnings from Okta due after the bell, adopted by corporations akin to Nvidia, Macy’s and Costco later within the week. Greater than 95% of S&P 500 corporations have reported this earnings season and virtually 78% have surpassed analyst expectations, in line with FactSet.