Stock futures rose Sunday after Treasury Secretary Scott Bessent said “substantial progress” was made in trade negotiations with Chinese officials, potentially thawing tensions kickstarted by Trump’s escalating tariff policy.

U.S. stock index futures jumped on Monday after the United States and China said they had reached a deal to reduce tariffs, easing concerns of an all-out trade war that had gripped global markets. Speaking after talks with Chinese officials in Geneva,

U.S. stock futures climbed over 2% premarket Monday after the U.S. and China announced a 90-day tariff truce, according to Benzinga. The SPDR S&P 500 ETF Trust rose 2.74%, and the Invesco QQQ Trust ETF gained 3.