U.S. stock index futures edged higher on Monday evening after Wall Street staged a sharp rebound, recovering from last week’s steep losses prompted by weak jobs data and renewed trade tensions.
The rebound was driven by dip-buying and rising expectations of an imminent interest rate cut by the Federal Reserve.
S&P 500 Futures inched 0.1% higher to 6,363.25 points, while Nasdaq 100 Futures gained 0.2% to 23,329.75 points by 20:10 ET (00:10 GMT). Dow Jones Futures trade up 0.1% at 44,337.0 points.
Wall St rebounds from jobs data-driven decline In the regular trading session on Monday, the S&P 500 jumped 1.5%, while the NASDAQ Composite surged 2%. The Dow Jones Industrial Average climbed 1.3%.
All three indices dropped last week as new tariff announcements by President Trump rattled investors, while a weaker-than-expected nonfarm payrolls data further dented optimism.
The weak data fueled economic worries, prompting markets to assign roughly 84% odds to a September rate cut by the Fed, according to the CME FedWatch.
In parallel, President Trump capped last week’s sweeping tariffs by warning that he will substantially raise duties on imports from India in response to its continued purchases of Russian oil.
His latest threat comes on top of a recently imposed 25% tariff on India.
Last week, Trump signed an executive order imposing steep tariffs on imports from nearly 70 countries.
Palantir shares up on strong result; AMD, Rivian, Caterpillar on tap
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. Palantir Technologies (NASDAQ:PLTR) shares rose 4.5% in after-hours trading, building on a 4% gain during the day, after the defense tech firm reported quarterly revenue topping $1 billion for the first time.
Meanwhile, Hims Hers Health Inc (NYSE:HIMS) fell over 13% in extended trade after reporting mixed results. Despite a bottom-line beat, it reported revenue that fell short of estimates.
Looking ahead, Advanced Micro Devices (AMD) (NASDAQ:AMD), Rivian Automotive (NASDAQ:RIVN), and Caterpillar Inc (NYSE:CAT) will report results on Tuesday, while Wednesday will bring results from Walt Disney (NYSE:DIS), McDonald’s (NYSE:MCD), and Uber (NYSE:UBER).
