FX.co ★ US Futures Edge Higher on Trump’s 90-Day Tariff Pause

On Thursday, U.S. stock futures saw a modest increase following significant gains by major indexes, fueled by President Donald Trump's decision to implement a 90-day halt on numerous new tariffs. During Wednesday's trading session, the Dow and S&P 500 experienced substantial increases of 7.87% and 9.52%, marking their most significant single-day rises in five years. The Nasdaq Composite also achieved a remarkable surge of 12.16%, its best performance in a single day since 2001. This upswing was attributed to President Trump's temporary suspension of reciprocal tariffs for non-retaliatory countries. Nevertheless, the trade conflict with China intensified as Trump increased tariffs to 125%, while tariffs involving the EU are expected to persist due to Brussels' retaliatory measures. The rally was driven by strong performances from major technology companies, with Nvidia, Tesla, Apple, Meta, and Amazon posting gains of 18.7%, 22.7%, 15.3%, 14.8%, and 12%, respectively.