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Investing.com-- U.S. stock index futures were little changed on Monday evening after Wall Street logged solid gains in the regular session, as comments from President Donald Trump eased fears of an escalating trade dispute with China.
S&P 500 Futures traded largely unchanged at 6,697.75 points, while Nasdaq 100 Futures edged up 0.1% to 24,934.0 points by 20:18 ET (00:18 GMT). Dow Jones Futures also gained 0.1% to 46,353.0 points.
Wall Street rebounds; tech leads gains
During Monday’s session, the S&P 500 rose 1.6%, the NASDAQ Composite jumped 2.2%, and the Dow Jones Industrial Average added 1.3%, recovering from steep losses at the end of last week.
The rally came after Trump said trade relations with Beijing “will all be fine,” softening remarks that had sparked market jitters over the weekend.
Trump’s comments helped soothe investor nerves following his earlier threat to impose 100% tariffs on Chinese goods and restrict exports of advanced technologies.
U.S. Treasury Secretary Scott Bessent said Monday in a Fox Business Network interview that President Donald Trump is still expected to meet Chinese leader Xi Jinping in South Korea later this month to ease tensions over tariffs and export controls.
The change in tone lifted sentiment across risk assets, particularly in technology and industrial shares that had borne the brunt of the recent selloff.
Chipmakers and artificial intelligence-linked names led Monday’s gains. Broadcom Inc (NASDAQ:AVGO) jumped nearly 10% after unveiling a partnership with OpenAI to develop custom AI processors, while Nvidia (NASDAQ:NVDA) advanced nearly 3%.
Shutdown concerns remain; banks’ earnings on tap
Still, investors remained wary ahead of a busy week that includes the start of the third-quarter earnings season and continued political gridlock in Washington.
The U.S. government shutdown, now set to enter its third week, has delayed key economic data releases, adding uncertainty before the Federal Reserve’s next policy meeting on October 28-29.
Investors will watch closely for quarterly results from major U.S. banks, including JPMorgan Chase (NYSE:JPM), Citigroup (NYSE:C), and Wells Fargo (NYSE:WFC), later on Tuesday for clues on the broader economic outlook.