US stock futures edged higher on Tuesday after the major averages started the week on a positive note as President Donald Trump softened his tone on China, assuring that trade relations will be fine. On Monday, the Dow rose 1.29%, the S&P 500 gained 1.56%, and the Nasdaq Composite jumped 2.21%, with all three benchmarks recovering about half of Friday’s losses. Trump’s comments helped calm fears of an escalating trade war after last week’s threat of a 100% tariff on Chinese goods erased roughly $2 trillion in market value. Megacap tech stocks led the rebound, with Tesla, Nvidia, and Broadcom climbing between 2.8% and 9.9%. Quantum computing, clean energy, and rare earth stocks also outperformed, including Rigetti Computing (25%), Oklo (16.2%), and MP Materials (21.2%). Investors now await quarterly results from major banks including JPMorgan Chase and Goldman Sachs later in the day.
