Stock Market Surge Following Trump’s Trade Comments
Stock futures rose sharply after President Trump declared he would not remove Federal Reserve Chair Jerome Powell and hinted at easing trade tensions with China. As of 8 a.m. EST, Dow futures were up 660 points (1.7%), with significant gains in S&P 500 and Nasdaq futures, driven by positive investor sentiment following Trump’s remarks on reducing tariffs and Treasury Secretary Scott Bessent’s view on de-escalating the trade war. Despite a lackluster earnings call, Tesla shares rose 7%, and major tech companies like Nvidia also saw increases ahead of market opening.
