S&P 500, Nasdaq Futures Rise as Tariff Truce, Tech Earnings Eyed
The US stock market futures edged higher on Monday, as investors looked to a potential 90-day extension of the China tariff truce and key tech earnings. S&P 500 and Nasdaq 100 futures rose 0.10% and 0.20% respectively, setting the stage for a positive start to the week.
The optimism was fueled by a report that the US and China are close to agreeing on a 90-day extension of the tariff truce, which was set to expire on March 1. The news sent a positive signal to investors, who have been waiting anxiously for a breakthrough in the trade negotiations.
In addition to the tariff truce, investors are also eyeing key tech earnings, which are expected to provide insight into the health of the sector. Morgan Stanley’s Michael Wilson, a well-known analyst, has forecasted strong 12-month returns for the S&P 500, citing several factors including AI, tax breaks, dollar weakness, and possible Fed cuts in 2026.
“We think the market has been overly negative on the tech sector, and we’re starting to see some of the concerns being priced in,” said Wilson in an interview. “We think the sector has a lot of upside potential, particularly as we head into the second half of the year.”
The tech sector has been a key driver of the market’s gains in recent years, and many investors are looking to the sector’s earnings for clues on the overall direction of the market. Despite some concerns about valuation, many analysts believe that the sector has the potential to continue growing, driven by advances in areas such as artificial intelligence, cloud computing, and cybersecurity.
In addition to the tech sector, investors are also keeping a close eye on the broader market trends. The S&P 500 has been trading in a narrow range for several weeks, and many investors are looking for a catalyst to break out of this range and drive the market higher.
One possible catalyst could be the Fed’s decision on interest rates later this month. The central bank has been hinting at the possibility of a rate cut, which could help to boost the market and drive down borrowing costs.
In the meantime, investors are likely to continue to focus on the key economic indicators, including the ISM manufacturing index and the jobs report. These indicators will provide insight into the strength of the economy and help investors to gauge the potential for future growth.
In summary, the S&P 500 and Nasdaq 100 futures rose on Monday, as investors looked to a potential 90-day extension of the China tariff truce and key tech earnings. Morgan Stanley’s Michael Wilson has forecasted strong 12-month returns for the S&P 500, citing AI, tax breaks, dollar weakness, and possible Fed cuts in 2026. The tech sector has the potential to continue growing, driven by advances in areas such as artificial intelligence, cloud computing, and cybersecurity.
