U.S. stocks were poised for a robust opening on Monday, building on the previous week's significant gains. This optimism was spurred by a reduction in geopolitical tensions and a more lenient approach by the U.S. government regarding tariffs, allowing investors to concentrate on indicators pointing to several potential interest rate cuts from the Federal Reserve this year. Futures for the S&P 500 and Nasdaq 100 indicated a 0.6% rise, setting new records, while the Dow Jones Industrial Average was projected to increase by 300 points.
White House representatives confirmed that the U.S. and China had formally reached an agreement to avert a resumption of tariff exchanges that had previously peaked at 145%. Furthermore, President Trump stated his willingness to consider extending the July 9th deadline for reinstating reciprocal tariffs. On another front, Canada retracted its digital services tax, a move aimed at favoring U.S. tech firms and reinitiating trade discussions with Washington. As a result, stocks for Meta and Alphabet were expected to open with gains exceeding 2%. Additionally, Juniper Networks experienced a 9% surge following the Department of Justice's resolution of its lawsuit regarding the company's acquisition by HP.
