U.S. Stock Futures Rise Ahead of Tuesday's Open Despite Ongoing Market Volatility Amid Global Trade Tensions
Futures for the S&P 500 rose by 1.69%, reaching 5,183 points at 10:25 AM Mecca time.
Dow Jones futures increased by 1.97%, or 750 points, to 38,915 points, while Nasdaq 100 futures rose by 1.69%, or 296 points, to 17,859 points.
This comes after Wall Street indices reduced their losses by the end of Monday's session, following sharp fluctuations during the day due to news that President Donald Trump intended to suspend reciprocal tariffs on countries for 90 days.
The White House quickly denied these reports as they spread, causing the stock market to decline for the third consecutive session. However, the S&P 500 managed to avoid entering a bear market.
Today, investors continued to flock to sovereign debt as a hedge against volatility caused by the trade war, with the yield on U.S. 10-year bonds dropping by 2.7 basis points to 4.13%.
Meanwhile, the VIX Index, which measures expected volatility in U.S. stocks, fell by 7.13% to 43.63 points, but it remains extremely high compared to its level of 21.51 points on April 2nd.
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