Stock futures rise after ‘substantial progress’ is made in US-China trade negotiations
CNN
Stock futures rose Sunday after Treasury Secretary Scott Bessent said “substantial progress” was made in trade negotiations with Chinese officials, potentially thawing tensions kickstarted by Trump’s escalating tariff policy.
Stock futures rose Sunday after Treasury Secretary Scott Bessent said “substantial progress” was made in trade negotiations with Chinese officials, potentially thawing tensions kickstarted by Trump’s aggressive tariff policy. Dow futures jumped 1.03%, or 427.66 points. S&P 500 futures rose 1.31%, or 75.8 points, while the tech-heavy Nasdaq Composite futures went up 1.71%, or 348.19 points, as of 7:45 p.m. ET. Bessent and US Trade Representative Jamieson Greer joined other US officials in Geneva, Switzerland, to meet with Chinese officials about trade after President Donald Trump imposed sweeping 145% tariffs on most Chinese goods last month. China retaliated with 125% on US goods. Markets have whipsawed in recent months amid uncertainty over Trump’s changing tariff policies. Sunday’s gains indicate investors are hopeful a trade agreement between the United States and China could boost the global and US economies. US officials are expected to announce a framework for the trade deal Monday morning. The potential agreement with China comes after Trump announced Thursday that a deal was made with the United Kingdom.
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