"Markets signaled another positive session as futures rose Sunday night ahead of a big week for President Donald Trump's tariffs and Tesla CEO Elon Musk's blockbuster compensation plan. Futures tied to the Dow Jones industrial average rose 107 points, or 0.22%. S&P 500 futures were up 0.28%, and Nasdaq futures added 0.30%. That would add to Friday's rally. The yield on the 10-year Treasury fell 1.8 basis points to 4.083%."
"On Wednesday, the Supreme Court will hear arguments in a case challenging Trump's ability to use the International Emergency Economic Powers Act (IEEPA) to impose his so-called reciprocal tariffs and duties tied to the fentanyl trade. Lower courts have ruled against him, but some trade experts still see a chance that the high court will decide in his favor. On Sunday, Treasury Secretary Scott Bessent said he's optimistic that the Supreme Court will decide in the administration's favor."
"On Thursday, Tesla shareholders will gather for the company's annual meeting and will vote on Musk's $1 trillion compensation package. Chairwoman Robyn Denholm urged shareholders to support it, warning in a letter Monday that the company risks losing significant value if the deal fails and Musk opts to step down as chief executive. She added that the historic pay is needed to motivate Musk Tesla pushes further into artificial intelligence, robotics, and autonomous driving."
U.S. stock futures rose Sunday night, with Dow futures up 107 points, S&P futures up 0.28% and Nasdaq futures up 0.30%, extending a recent rally. The 10-year Treasury yield fell to 4.083%, the dollar strengthened slightly against the euro and yen, and gold dipped to $3,992 per ounce. U.S. oil and Brent crude climbed as OPEC+ signaled a pause in production increases. The Supreme Court will hear a case on the president's use of IEEPA for reciprocal tariffs tied to the fentanyl trade, and Treasury Secretary Scott Bessent expressed optimism. Tesla shareholders will vote on Elon Musk's $1 trillion pay package, with Chairwoman Robyn Denholm urging support and warning of value loss if the deal fails.
Read at Fortune
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