Markets.News

Stock futures rose after Trump's de-escalation comments on China; Magnificent 7 stocks surged; Dow up 0.96%, S&P 1.33%, Nasdaq 1.84%; 10-year Treasury bond at 4.03%, 2-year at 3.50%; likelihood of Fed rate cut in October at 96.2%; Nvidia up 3.57%, Tesla up 2.70%, Microsoft up 1.51%, Apple up 1.75%, Amazon up 2.09%, Alphabet up 1.52%, Meta up 1.56%; Fastenal jumped 2.57% ahead of earnings.

U.S. stock futures rose post sell-off, with major benchmark indices higher due to Trump's China comments. Asian markets fell, especially Chinese tech and auto stocks in Hong Kong. Treasury bond yields: 10-year at 4.03%, two-year at 3.50%. Market expects a 96.2% chance of Fed cutting rates in October. Futures changed: Dow Jones +0.96%, S&P 500 +1.33%, Nasdaq 100 +1.84%, Russell 2000 +1.61%. SPDR S&P 500 ETF (SPY) up 1.14% at $660.47; Invesco QQQ Trust ETF (QQQ) rose 1.71% to $599.59. Magnificent 7 stocks surged: Nvidia +3.57%, Tesla +2.70%, Microsoft +1.51%, Apple +1.75%, Amazon +2.09%, Alphabet +1.52%, Meta Platforms +1.56%. Fastenal Co. (FAST) surged 2.57% ahead of earnings with estimates of 30 cents per share on $2.13 billion revenue. FAST had mixed price trends but strong quality ranking.