Dow Futures Surge After Trump Tempers China Tariff Threat: MP, NVDA, WBD, BABA Among Stocks To Watch

U.S. stocks appear set for a positive opening on Monday after President Donald Trump tempered his China tariff threat, stating that it “will all be fine,” adding that the United States wants to help China, not hurt it.

“Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment. He doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!!!” President Trump said in a post on Truth Social on Sunday.

This followed Trump's threat on Friday of a “massive” increase in tariffs on goods imported from China into the U.S., citing that China had become “hostile” due to its export controls on rare earth elements.

While Dow Jones futures were up by 0.98% at the time of writing, the S&P 500 futures gained 1.35%, while the tech-heavy Nasdaq 100’s futures soared 1.93%. Futures of the Russell 2000 index were up by 1.71%.

Meanwhile, the SPDR S&P 500 ETF (SPY) was up by 1.35% at the time of writing, Invesco QQQ Trust (QQQ) gained 1.87% on Monday morning, and SPDR Dow Jones Industrial Average ETF Trust (DIA) gained 0.96%. Retail sentiment around the S&P 500 ETF on Stocktwits was in the ‘neutral’ territory.

Asian markets ended Monday’s trading session on a negative note, with the Hang Seng index declining the most at 1.65%, followed by the TWSE Capitalization Weighted Stock index at 1.41%, KOSPI at 0.73%, and the Shanghai Composite at 0.19%.

The Nikkei 225 index was closed for trading on account of Sports Day.

Stocks To Watch

• MP Materials Corp. (MP): MP Materials’ shares continued to surge on Monday, soaring nearly 10% in the pre-market session and building on the gains from Friday, following President Trump’s threat that the U.S. would retaliate against China over export controls on rare earth elements.
• Nvidia Corp. (NVDA), Advanced Micro Devices Inc. (AMD): Shares of Nvidia, AMD, and other semiconductor players rose in Monday’s pre-market trade, recovering from the decline on Friday amid increasing trade tensions with China.
• Paramount Skydance Corp. (PSKY), Warner Bros. Discovery Inc. (WBD): Paramount Skydance is reportedly considering making a bid for Warner Bros. Discovery before the latter’s split, according to a report by The Wall Street Journal. Paramount shares rose over 1% pre-market, while Warner Bros. Discovery shares were up nearly 4%.
• Alibaba Group Holding (BABA), JD.com Inc. (JD): Alibaba and JD.com shares rose in Monday’s pre-market session after President Trump softened his stance on China’s export controls.

Also See: EU Plans New Proposal To Sideline Trump’s Demands To Unwind Regulations As It Looks To Push Trade Deal Forward: Report

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