FX.co ★ US Stocks Set for a Higher Open

On Friday, US stock futures exhibited gains, with contracts associated with the three principal indexes advancing approximately 0.4%. Investors considered hints of a potential easing in international trade tensions. President Trump stated that an 80% tariff on China "seems right," in anticipation of trade negotiations spearheaded by Treasury Secretary Scott Bessent, along with his Chinese counterparts, in Switzerland over the weekend. Previous reports had intimated the likelihood of the tariff rate being lowered to under 60%. Meanwhile, corporate earnings remained a key focal point. Pinterest shares soared more than 11% in premarket trading following the company's report of revenue and user growth surpassing expectations. Lyft experienced a nearly 10% rise after a robust report on gross bookings, whereas Coinbase saw a decline of about 1% after announcing a drop in profit. Overall, for the week, the S&P 500 has decreased by 0.4%, the Nasdaq has diminished by 0.3%, and the Dow Jones has seen a slight increase of 0.1%.