Wall Street Futures Soar on US-China Trade Hopes and Tech Earnings Surge

Wall Street futures climbed to record highs early Monday as investors grew optimistic about a trade truce between the U.S. and China and looked ahead to heavy tech company earnings. 

Pre-market data showed the Dow E-mini rose about 0.54%, the S&P 500 E-mini up roughly 0.74%, and the Nasdaq 100 futures jumped 1.04%. 

The optimism came after negotiators from both sides signalled a framework deal to pause tariffs and export controls, ahead of a key meeting between U.S. President Donald Trump and Chinese President Xi Jinping. 

U.S.–listed Chinese tech stocks gained strongly in the session. For example, Alibaba Group and JD.com rose more than 2%, while Baidu surged around 5%. 

Another factor driving markets is expectations that the Federal Reserve may cut interest rates soon, after recent inflation data came in lower than expected. 

On top of this, over 170 major companies are set to report earnings this week— including technology giants such as Microsoft, Apple, Amazon and Meta Platforms—which puts the spotlight on whether the tech-led rally has staying power.