Stock futures rose slightly in overnight trading on Monday, as investors awaited news on potential tariff developments and digested a mixed batch of economic data. The S&P 500 e-mini futures (/ES) gained 0.1% to 4,125.50, while the Dow Jones Industrial Average (DJIA) futures rose 0.2% to 33,640.00. The Nasdaq 100 futures (/NQ) also climbed 0.1% to 13,975.00.
Investors are closely watching the ongoing U.S.-China trade tensions, with expectations that the two countries may announce new tariffs or other trade measures in the coming days. The potential impact of these developments on the global economy and financial markets has been a significant concern for investors, leading to increased volatility in recent weeks.
The overnight trading session also saw a mixed bag of economic data releases. The U.S. Census Bureau reported that retail sales rose 0.3% in February, slightly below the expected 0.4% increase. Meanwhile, the University of Michigan's consumer sentiment index fell to 62.8 in March, its lowest level since 2011, as consumers grew more pessimistic about the economic outlook.
Despite the mixed economic data, investors appeared to focus on the potential impact of tariff news on the market. The ongoing uncertainty surrounding trade relations between the U.S. and China has been a significant factor driving market sentiment in recent weeks, with investors increasingly concerned about the potential impact of tariffs on corporate earnings and economic growth.
As the market awaits further developments on the tariff front, investors will be closely watching for any signs of progress or setbacks in the ongoing negotiations between the U.S. and China. The potential impact of tariffs on the global economy and financial markets has been a significant concern for investors, leading to increased volatility in recent weeks.
In conclusion, stock futures rose slightly in overnight trading on Monday as investors awaited news on potential tariff developments and digested a mixed batch of economic data. The ongoing uncertainty surrounding trade relations between the U.S. and China has been a significant factor driving market sentiment in recent weeks, with investors increasingly concerned about the potential impact of tariffs on corporate earnings and economic growth. As the market awaits further developments on the tariff front, investors will be closely watching for any signs of progress or setbacks in the ongoing negotiations between the U.S. and China.
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