US stock futures jumped on Tuesday after President Donald Trump announced over the holiday weekend that he would postpone the implementation of a 50% tariff on European Union goods, extending the deadline to July 9.
The decision follows a volatile week for financial markets, driven by growing concerns over the US fiscal outlook and persistent trade uncertainties. Last week, the Dow dropped 2.47%, the S&P 500 fell 2.61%, and the Nasdaq Composite lost 2.47%.
Apple shares were particularly hard hit, plunging 7.57% after Trump warned that iPhones sold in the US must be manufactured domestically or face a minimum 25% tariff.
Investors are now turning their attention to key economic data due Tuesday, including reports on durable goods, housing, and consumer confidence.
Market participants are also eyeing corporate earnings, with results from Okta expected today, followed by Nvidia, Macy's, and Costco later in the week.
Source: Trading Economi
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