Dow futures climb as stocks point higher after Trump issues temporary tariff exemptions on key tech imports

US stocks were poised for more gains heading into a new trading week after a series of wild swings last week as investors navigated the latest twists and turns in President Donald Trump’s trade war. Late Friday, his administration unveiled tariff exemptions, but he warned they are temporary.

Stock futures pointed higher Sunday night, signaling more gains after markets endured a series of wild swings last week as President Donald Trump’s tariff regime has been a moving target.

Dow Jones Industrial Average

Futures for the Dow Jones Industrial Average rose 115 points, or 0.28%, while S&P 500 futures were up 0.68%, and Nasdaq futures jumped 1.11%.

The 10-year Treasury

The yield on the 10-year Treasury dipped 2.3 basis points to 4.47%, and the US Dollar Index eased 0.45%, as the greenback continued to slide against global currencies.

Stocks

US crude oil prices rose 0.18% to $61.61 a barrel, and Brent crude ticked up 0.11% to $64.87 despite fears of a tariff-induced global recession weighing on energy demand forecasts.

Early last week, stocks tumbled as markets continued to reel from Trump’s aggressive “Liberation Day” tariffs, then they soared when he announced a 90-day hold for most of them. But stocks sank later as China retaliated but rallied on Friday.

Then in a notice published late Friday night, US Customs and Border Protection issued new guidance on his so-called reciprocal tariffs, carving out exemptions for smartphones, chips, as well as other top consumer electronics and tech components.

About E. J. McKay

E.J.McKay is a Shanghai-headquartered investment bank with a special focus on mergers & acquisitions. We are one of the most long standing independent investment banks in China, with core business of mergers & acquisitions and financing advisory.