Stock futures remained steady on Friday after the S&P 500 continued its upward trend for the fourth consecutive day. This surge was attributed to the temporary tariff cuts between the U.S. and China, along with positive inflation reports. Futures associated with the Dow Jones Industrial Average saw a slight increase, while S&P 500 futures and Nasdaq 100 futures experienced minor declines.
The recent market optimism stemmed from the 90-day truce in tariff escalations between the U.S. and China, alleviating concerns over trade tensions and economic risks. The S&P 500 closed higher on Thursday, with the Dow Jones Industrial Average and Nasdaq Composite also showing positive movements.
Callie Cox, the chief market strategist at Ritholtz Wealth Management, highlighted the impact of reduced tariff rates on market sentiment. Investors are closely monitoring the potential economic ramifications of tariffs, with a focus on assessing any underlying economic damage.
Thursday’s market performance was supported by a decrease in wholesale prices in April, following earlier reports of modest consumer price index growth. Notably, major technology companies like Nvidia, Tesla, Meta Platforms, and Amazon drove the market rally, with the S&P 500 witnessing a significant increase for the week.
Despite the positive market sentiment fueled by the U.S.-China trade agreement, some U.S. corporations are cautious about rising costs. Walmart announced plans to raise prices due to tariffs, indicating a potential impact on consumer goods.
Looking ahead, traders are awaiting housing starts data and the University of Michigan’s consumer sentiment survey for further economic insights. Bill Simon, former U.S. CEO of Walmart, expressed confidence in the company’s ability to navigate tariff challenges, citing margin expansion and pricing strategies.

Market futures opened with marginal changes on Thursday night, with the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 futures showing slight fluctuations.
As the market continues to respond to trade developments and economic data, the recent surge in technology stocks and ongoing trade negotiations between major economies are likely to influence future market trends. Investors remain vigilant amid uncertainties surrounding tariffs and their potential impact on global trade and economic stability.
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