"President Donald Trump again set the tone for the market after he further softened his rhetoric on China in an interview with Fox News' Sunday Morning Futures. "I'm not looking to destroy China," he said, contrasting with his remarks in August when he said he holds "incredible cards" that "would destroy China," if he chose to use them. Earlier this month, he announced an additional 100% tariff"
"Futures tied to the Dow Jones industrial average rose 54 points, or 0.12%. S&P 500 futures were up 0.15%, and Nasdaq futures added 0.20%. The yield on the 10-year Treasury was flat at 4.011%. The U.S. dollar was down 0.06% against the euro and up 0.14% against the yen. Gold climbed 1% to $4,253.10 per ounce. U.S. oil futures were steady at $57.55 a barrel, and Brent crude was virtually unchanged at $61.27."
U.S. stock futures rose ahead of a week focused on the U.S.-China trade war, corporate earnings, and key economic data. President Trump softened rhetoric toward China, saying "I'm not looking to destroy China," despite earlier threats and recent tariff and software restrictions that target Chinese rare earths and tighter export controls. Major equity futures were higher while the 10-year Treasury yield held near 4.011%; the dollar, gold, and oil showed modest moves. Treasury Secretary Scott Bessent will meet Chinese Vice Premier He Lifeng ahead of a Trump-Xi meeting, several major companies will report earnings, and the September CPI is due despite a government shutdown.
Read at Fortune
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