Dow Jones Futures Jump
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The U.S.-China tariff negotiations appeared to yield "a broad framework under which the two nations can conduct further talks," an analyst said.
Stock futures are pointing to a slightly higher open for major indexes on Wednesday as the market looks to add to big recent gains.
U.S. stock futures soared Monday after the White House and Chinese officials reached a trade agreement, easing tensions between the worlds two largest economies and fueling optimism across key sectors.
Asia stock markets traded higher on Monday following substantial progress in U.S.-China trade talks on Sunday. Traders awaited further details from the negotiations, which were expected to be announced on Monday.
U.S. stock futures soar after U.S. and Chinese officials announce a 90-day lowering of tariffs, tech stocks surge on the trade deal, and pharmaceutical stocks sink as President Donald Trump says he'll slash prescription drug costs.
U.S. stock futures rose sharply on Sunday evening after the White House announced a trade deal with China had been reached following high-level meetings in Geneva this weekend, although no details of the agreement were released.
Jim Cramer believes that trade agreements are crucial for market confidence and allaying fears of recession and inflation.
Global stock markets were up—along with the dollar—with sentiment further buoyed by the prospect that the Trump administration will announce a trade-deal framework with the U.K.
A US-China trade deal that includes tariff cuts sent US stock markets soaring. Australia's stock market closed higher in response.