FX.co ★ US Futures Steady After Monday’s Rebound

US stock futures remained relatively stable on Tuesday following a positive start to the week, buoyed by President Donald Trump's more conciliatory remarks regarding China. This shift in tone suggested improved trade relations, which helped lift market confidence. On Monday, the Dow Jones Industrial Average advanced by 1.29%, the S&P 500 increased by 1.56%, and the Nasdaq Composite surged by 2.21%, collectively regaining approximately half of Friday’s declines. Trump's remarks eased concerns about an intensified trade conflict, which last week’s proposal of a 100% tariff on Chinese imports had sparked, leading to a $2 trillion loss in market value. The rebound was largely driven by gains in major technology stocks, including Tesla, Nvidia, and Broadcom, each gaining between 2.8% and 9.9%. Notably, sectors focused on quantum computing, clean energy, and rare earths outperformed, with standout performances from Rigetti Computing (up 25%), Oklo (up 16.2%), and MP Materials (up 21.2%). Investors are now focused on forthcoming quarterly earnings reports from leading financial institutions, including JPMorgan Chase and Goldman Sachs, expected later in the day.