FX.co ★ US Futures Rise to Start the Week

US stock futures increased on Monday as investors evaluated recent trade updates and prepared for a busy week of corporate earnings reports. Late Friday, the Trump administration announced a temporary exemption for smartphones, computers, and other tech products from the new tariffs on Chinese imports. Despite these exemptions, President Donald Trump made it clear that these products are still subject to the existing 20% Fentanyl Tariffs and are being reclassified under a different tariff category. This week, investors are also focusing on upcoming earnings reports from major companies, including Goldman Sachs, Johnson & Johnson, Bank of America, Netflix, and United Airlines. Last week, markets initially declined due to escalating concerns over the global trade conflict, but they recovered significantly after President Trump declared a 90-day postponement for most tariffs. As a result, the Dow rose by 4.95%, the S&P 500 increased by 5.7%, and the Nasdaq Composite surged by 7.29%.