Futures Climb as US, China Near Deal
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US stock futures rose Sunday after US and Chinese representatives agreed on a trade-deal framework that could avert tariffs up to 157%, while investors bet on a rate cut. Dow, S&P 500 and Nasdaq futures gained 0.65%, 0.74% and 0.92%. The Dow closed above 47,000 Friday after CPI showed inflation heated up but less than expected. Treasury Secretary Scott Bessent voiced optimism ahead of a Thursday Trump–Xi meeting in South Korea, hinting at a deferral on rare-earth export controls. The prospective deal may bring relief to farmers, notably soybean growers, after China halted US purchases in May.
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