US Stock Futures Jump Over 2% on US-China Tariff Truce 🤝

U.S. stock futures climbed over 2% premarket Monday after the U.S. and China announced a 90-day tariff truce, according to Benzinga. The SPDR S&P 500 ETF Trust rose 2.74%, and the Invesco QQQ Trust ETF gained 3.81% in premarket trading on Monday. Cyclical sectors advanced Friday while defensive and tech-related sectors declined. Ninety percent of S&P 500 companies have reported strong quarterly results relative to expectations, according to Edward Jones strategist Brian Therien. He said wider earnings growth supports more balanced sector performance and makes a strong case for portfolio diversification. Charles Schwab maintained “Market perform” ratings across all sectors due to ongoing tariff uncertainty.