US stock futures climbed sharply on Monday, with contracts on the S&P 500 up 1.3%, the Nasdaq 100 surging 1.9%, and the Dow Jones rising more than 400 points, rebounding from Friday’s steep losses that marked the S&P’s biggest one-day drop since April. Traders appeared to shake off renewed tensions in the US–China trade dispute after Washington threatened higher tariffs in response to Beijing’s rare earth export controls. Over the weekend however, President Trump struck a softer tone, saying the “China situation will all be fine”. Also, the earnings season kicks off this week, with major US banks set to report quarterly results. Meanwhile, the federal government shutdown has entered its third week, with further data release delays expected. Among megacaps, gains were broad-based, with Nvidia (+3.5%), Microsoft (+1.5%), Apple (+1.7%), Amazon (+2.0%), Meta (+1.6%), Alphabet (+1.7%), Broadcom (+3.4%), and Tesla (+2.8%) all trading higher.
