US stock market futures today – Why is US stock futures rising? – Dow, S&P 500, Nasdaq all climbing as Trump-Xi trade talks spark global rally

US stock market today is rallying again as optimism over a Trump-Xi trade breakthrough lifts investor sentiment worldwide. Futures rose sharply Monday, setting the stage for another record-setting session on Wall Street.

Dow Jones futures (YM=F) jumped 0.55%, or +263 points, to 47,659, while S&P 500 futures (ES=F) advanced 0.7%. The Nasdaq 100 (NQ=F) led with a 1% gain, driven by tech optimism ahead of Big Tech earnings.

The gains come after all three major U.S. indexes ended Friday at record highs. The Dow closed above 47,000 for the first time, while the S&P 500 neared 6,800, and the Nasdaq Composite hit fresh peaks.
Markets are eyeing a pivotal week that includes a potential Federal Reserve rate cut, a flood of tech earnings, and President Donald Trump’s meeting with China’s President Xi Jinping. Treasury Secretary Scott Bessent said on Sunday that both sides had reached a “substantial framework” for a trade deal, while Beijing confirmed a “preliminary consensus.”

Asian markets echoed Wall Street’s upbeat mood. Japan’s Nikkei 225 soared 2.46% to 50,512.32, topping 50,000 for the first time ever. South Korea’s Kospi gained 2%, while Hong Kong’s Hang Seng rose 1% and Shanghai Composite added 1%.

Meanwhile, gold prices fell nearly 2% to $4,057.20 per ounce, signaling reduced demand for safe-haven assets. “Details remain limited, but a truce now looks near-certain,” said Tobin Marcus of Wolf Research, citing China’s likely one-year delay of rare earth export controls. Chipmakers — Nvidia, AMD, and Broadcom — rose 2% in premarket trading, while Apple and Tesla each added around 1%. This week, Meta, Microsoft, and Alphabet report earnings Wednesday, followed by Apple and Amazon on Thursday. The Federal Reserve is expected to cut rates by 0.25 percentage points to 3.75%-4.00%, after CPI data showed cooler inflation in September.

Oil prices edged up, with WTI crude at $61.99 (+0.8%) and Brent at $66.44 (+0.76%). The 10-year Treasury yield stayed near 4.00%, while the U.S. dollar index weakened slightly.

With a Trump-Xi truce, Fed rate cut, and strong earnings on deck, investors see this week as a potential turning point for markets heading into November.

US stock futures surge ahead of Trump-Xi meeting

The US stock market futures today are climbing sharply as investors brace for a pivotal week packed with a potential Trump-Xi trade breakthrough, a Federal Reserve rate cut, and Big Tech earnings.

As of early Monday:

• Dow Jones Industrial Average (YM=F) rose 0.55% (+263 points) to 47,659.
• S&P 500 futures (ES=F) gained 0.7%.
• Nasdaq 100 futures (NQ=F) jumped 1%, leading the rally.

Wall Street is coming off a record-breaking week. On Friday, the Dow closed above 47,000 for the first time, the S&P 500 approached 6,800, and the Nasdaq Composite logged another record.

Why are US stock futures rising today?

Optimism around a US-China trade truce is driving risk appetite. Treasury Secretary Scott Bessent said over the weekend that a “substantial framework” for an agreement is in place.

Beijing echoed the statement, noting a “preliminary consensus” that has calmed investors after months of tension.

The Trump-Xi meeting, scheduled for Thursday in Asia, is expected to seal a temporary truce that may delay China’s rare earth export controls — a move seen as a major relief for U.S. tech and chip firms.

Chip stocks rallied in premarket trade, with Nvidia (NVDA), AMD, and Broadcom (AVGO) each up about 2%, while Apple (AAPL) and Tesla (TSLA) added 1% each.

Global markets extend rally as Asia sets new records

Asian stocks mirrored Wall Street’s optimism. Japan’s Nikkei 225 (^N225) surged 2.46% to 50,512.32, breaking 50,000 for the first time.

South Korea’s Kospi (^KS11) rose 2% to 4,018.73, while Hong Kong’s Hang Seng (^HSI) climbed 1% to 26,427.34.
China’s Shanghai Composite added 1% to 3,991.35.

Australia’s S&P/ASX 200 (^AXJO) edged up 0.3%, and India’s Sensex gained 0.5%.

A new APEC report forecast regional growth slowing to 3% in 2025 from 3.6% last year due to trade restrictions and tariffs.

Gold drops, oil and dollar steady

Gold futures (GC=F) fell 1.95% to $4,057.20 per ounce — the steepest drop since August — as investors shifted from safe havens to equities.

WTI crude rose 0.8% to $61.99, and Brent crude added 0.76% to $66.44.

The 10-year Treasury yield held at 4.00%, while the U.S. dollar was mixed against major currencies.

Novartis announces $12 billion biotech deal

In other corporate news, Novartis said it will buy Avidity Biosciences for $12 billion or $72 per share, a 46% premium to Friday’s close.

The deal, expected to close in early 2026, will include a spinout of Avidity’s precision cardiology programs.

Meanwhile, the White House confirmed new trade agreements with Malaysia and Cambodia, and frameworks for deals with Thailand and Vietnam, as part of Trump’s Asia trip.

However, Trump also announced a 10% tariff on Canadian imports, keeping North American tensions alive.

Fed rate cut, Big Tech earnings in focus

The Federal Reserve is widely expected to cut interest rates by 0.25 percentage points to 3.75%-4.00% on Wednesday.

Last week’s CPI inflation data came in cooler than forecast, giving the Fed room to ease policy.

Earnings from Meta (META), Microsoft (MSFT), and Alphabet (GOOG) are due Wednesday, followed by Apple (AAPL) and Amazon (AMZN) on Thursday.

Analysts say strong numbers from the “Magnificent Seven” could extend the market’s record run into November.

“If the Trump-Xi meeting and Fed decision both go smoothly, this could be the most bullish week of 2025 for Wall Street,” said Emily Rogers, market strategist at LPL Financial.