FX.co ★ US Futures Higher Led by Tech

Stock futures in the United States experienced an upward movement on Monday, with futures contracts for the three principal indices climbing nearly 1%. This optimism among traders stems from the anticipation that the new US tariffs, scheduled to take effect on April 2nd, might be more moderated and focused than initially expected. Reports indicate that President Donald Trump's impending tariffs could be more precision-based rather than the broad measures he has at times threatened. The technology sector saw a premarket rally, with Tesla shares rising over 3.5% and Nvidia gaining 1.9%. Other major tech giants also showed positive movement before the market opened, including Apple (up 0.9%), Microsoft (up 1%), Amazon (up 1.7%), Meta (up 2.8%), and Alphabet (up 1.6%). Additionally, traders are eyeing the release of flash S&P Global PMIs today, which will provide further insights into private sector performance for the current month.