Dow Jones Today: Stock Futures Rise on US-China Trade Optimism After Indexes Set Records Friday; Chipmaker Shares Lead Charge

Shares of US Rare-Earth Firms Sink Before Bell on Bessent Comments

8 minutes ago

Shares of U.S. rare-earth producers dropped in premarket trading on comments by Treasury Secretary Scott Bessent that would delay export curbs of the minerals.

Critical Metals (CRML), USA Rare Earth (USAR), and MP Materials (MP) sank a respective 10%, 9%, and 6% before the bell after Bessent told ABC that “I believe they are going to delay that for a year while they re-examine it.”

The U.S. firms’ shares had soared earlier this month following Washington’s trade spat with Beijing. Rare-earth minerals are key to many high-tech industries, including chipmaking, and China is the top global producer. 

Entering Monday, shares of MP Materials, Critical Metals, and USA Rare Earth had skyrocketed about 350%, 120%, and 105%, respectively.

Stock Futures Rise on US-China Trade Optimism

49 minutes ago

Futures tied to the Dow Jones Industrial Average rose 0.6%.

S&P 500 futures advanced 0.9%.

Nasdaq 100 futures surged 1.3%.