Stock Market Today: Live Updates

U.S. stock futures rose Monday, rebounding from Friday’s selloff after President Donald Trump said trade relations with China would “go well.”

Dow Jones Industrial Average Futures jumped 434 points, or almost 1%. S&P 500 Futures Contracts And Nasdaq-100 Futures Contracts climbed 1.3% and 1.9% respectively.

Tech giants Apple and Meta Platforms gained more than 1% each. AMD rose 4.2% and Nvidia rose 3.4%. Oracle grew 2% in pre-market trading.

The moves come after Trump’s Truth Social message suggested to investors on Sunday that the president might not follow through on his threat to issue a “massive tariff increase” on China. The comment Friday brought the U.S.-China trade war back into the spotlight and sent stocks tumbling in a rout that wiped out $2 trillion in market value.

“Don’t worry about China, everything will be fine! The highly respected President Xi just had a bad time. He doesn’t want a depression for his country, and neither do I,” Trump wrote. “The United States wants to help China, not harm it.”

Vice President JD Vance echoed those sentiments over the weekend. He told Fox News that the United States would negotiate if Beijing was “willing to be reasonable,” while adding that the United States had “a lot more cards” otherwise.

These comments could encourage investors to return to the market after Friday’s selloff, particularly in technology stocks that were hit hardest by the selloff. Many technology companies rely on rare earths from China, among other things, to make semiconductors and electric vehicles.

“Technology stocks have been the focus of the sell-off as investors fear this situation with the U.S. and China could put a major damper on the AI ​​revolution thesis and return us to the dark days of April,” Dan Ives, global head of technology research at Wedbush Securities, wrote in a Sunday note. “We think the bark will be much worse than the bite here and Trump and Xi are expected to meet in the coming weeks to discuss some of these topics and it is likely that the November 1 tariff threat will ultimately be removed.”

All three major averages slipped last week, with the Dow losing 2.7%. The S&P 500 fell 2.4% over the period, while the Nasdaq fell 2.5%. The S&P 500’s 2.7% drop on Friday alone was the biggest since April, when the stock market was still reeling from Trump’s initial tariff announcement.

Yet other concerns are growing for the market. The government shutdown extends into another week as an important payroll deadline looms. October 15 is the next pay date for most federal workers, and perhaps the first that many employees will miss.

Earnings season will begin this week with financial data. Citigroup, Goldman Sachs Group, Wells Fargo, JPMorgan Chase, Bank of America and Morgan Stanley are scheduled to report results Tuesday and Wednesday. Several regional banks are also expected to release their quarterly results.