Stock futures rebounded sharply on Monday after President Trump and Vice President Vance sought to calm investors rattled by last week’s market rout.
Stock futures rebounded on Monday as President Trump and Vice President JD Vance sought to calm investor fears of a renewed trade war with China.
Futures tied to the Dow Jones Industrial Average rose nearly 400 points, or 0.8%, to 46,054, while S&P 500 futures jumped around 80 points, or 1.1% and Nasdaq 100 futures climbed more than 400 points (1.5%).
Gold hit another all-time high at $4,099.80 an ounce, up 2.5%. Silver futures surged 5%, while Brent crude gained 1.5% to $63.68 a barrel.
Treasury markets were closed for the Columbus Day holiday.
Cryptocurrencies also rallied in early trading, tracking broader risk assets.
Trump said Sunday on Truth Social that “highly respected President Xi just had a bad moment,” adding, “Don’t worry about China, it will all be fine! … The U.S.A. wants to help China, not hurt it!!!”
The comments marked a swift reversal from Friday, when Trump threatened to impose a “massive increase” in tariffs and accused Beijing of becoming “very hostile” after it restricted exports of rare earth minerals vital to US industries.
