U.S. stock futures climbed on Sunday, following the S&P 500’s rebound from a four-week losing streak.
As of 11 p.m. Eastern, Dow Jones Industrial Average futures (YM00 +0.75%) gained about 220 points, or 0.5%. S&P 500 futures (ES00 +0.97%) rose 0.6%, while Nasdaq-100 futures (NQ00 +1.19%) advanced 0.8%.
In commodities, crude oil prices (CL.1 +0.34%) edged lower, gold (GC00 +0.22%) remained mostly flat, and bitcoin (BTCUSD +2.54%) briefly surpassed $86,000, marking its highest level since Thursday.
Last week, the S&P 500 (SPX +0.08%) posted a 0.5% gain, while the Nasdaq Composite (COMP +0.52%) rose 0.2%, both ending their four-week losing streaks. The Dow Jones Industrial Average (DJIA +0.08%) climbed 1.2%, securing its first weekly gain in three weeks.
Investors responded to the Federal Reserve’s decision on Wednesday to keep interest rates unchanged, with policymakers maintaining expectations for two rate cuts later this year. However, former President Donald Trump urged more immediate cuts to counterbalance the effects of his tariffs.
Despite the market’s recovery, uncertainty persists. Key economic reports are due this week, and Trump’s reciprocal tariffs are set to be announced next week. Market participants are concerned about the extent of these tariffs and their potential impact on inflation and economic growth.
According to a report from The Wall Street Journal on Sunday, the White House plans to limit the scope of the tariffs, focusing on specific countries and industries while avoiding broader levies.
