U.S. stock futures rose early Monday as investors assessed the impact of President Donald Trump’s evolving tariff policies and geared up for a busy week of corporate earnings. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were up 1.5%, 0.6%, and 1.08%, respectively, at 3:21 a.m. EST, April 14.
Last week, major U.S. indices delivered a stellar performance. The Dow and the S&P 500 climbed 5% and 5.7%, respectively, both achieving their best weekly gains since October 2023. Also, the Nasdaq Composite stood out with an impressive 7.3% increase, its strongest weekly advance since November 2022.
The positive sentiment was aided by easing trade tensions and a temporary delay in most reciprocal tariffs imposed by President Trump, excluding China. This move boosted investor confidence, leading to strong performance across sectors.
In the latest tariffs update, the Trump administration said late Friday that key tech products like smartphones and computers are temporarily exempt from the new reciprocal tariffs on Chinese imports.
However, Trump later suggested that these exemptions might not be permanent, linking these products to existing 20% Fentanyl Tariffs. This uncertainty has kept investors on edge about the future of tech product tariffs.
Looking forward, the market is bracing for a busy week of earnings reports. Major financial firms, such as Goldman Sachs (GS), Bank of America (BAC), and Citigroup (C), are scheduled to release their results this week.
Also, key companies like Netflix (NFLX), Johnson & Johnson (JNJ), UnitedHealth (UNH), and United Airlines (UAL) will be reporting quarterly numbers this week.
Meanwhile, the U.S. 10-year treasury yield was down, floating near 4.462%. Simultaneously, WTI crude oil futures are trending higher, hovering near $61.60 per barrel as of the last check.
Elsewhere, European indices are expected to open strong on Monday, fueled by optimism over U.S. tariff exemptions for certain tech products.
Asia-Pacific Markets Traded Mixed on Monday
Asia-Pacific indices were higher today after Trump announced temporary exemptions for consumer electronics from new tariffs on China.
At the same time, Hong Kong’s Hang Seng Index was up 2.15%. Further, China’s Shanghai Composite and the Shenzhen Component indices gained 0.76% and 0.46%, respectively. However, Japan’s Nikkei and Topix indices closed higher by 1.18% and 1.15%, respectively.
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