
S&P 500, Nasdaq Futures Rise as Tariff Truce, Tech Earnings Eyed
The US stock market futures edged higher on Monday, as traders awaited a likely 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, signaling a positive start to the week.
The tariff truce, which was initially set to expire on December 15, is expected to be extended, providing relief to investors who had been worried about the potential impact of tariffs on global trade. The news came as a welcome respite to markets, which had been volatile in recent weeks due to concerns over the trade war and its potential effects on the global economy.
Tech earnings were also on the radar, with many major companies set to report their quarterly results. Investors are eagerly awaiting these reports, which are expected to provide insight into the current state of the tech industry and the prospects for future growth.
One of the most closely watched tech earnings reports is that of Apple, which is set to release its results on Wednesday. The company’s performance is often seen as a bellwether for the broader tech industry, and its results are likely to have a significant impact on the market.
In addition to tech earnings, investors are also keeping a close eye on the Federal Reserve’s monetary policy decisions. The Fed is expected to cut interest rates at its next meeting in December, which could provide a boost to the market.
Morgan Stanley’s Michael Wilson, a well-known market strategist, has forecast strong 12-month returns for the market, citing several factors that are likely to drive growth. These include the increasing adoption of artificial intelligence (AI), tax breaks, dollar weakness, and possible Fed cuts in 2026.
Wilson’s forecast is based on his analysis of the current market environment and the potential for long-term growth. He believes that the market is likely to continue its upward trend, driven by the increasing adoption of AI and other technologies.
The dollar is also likely to play a key role in the market’s performance in the coming months. A weak dollar could boost exports and drive economic growth, while a strong dollar could have the opposite effect.
In conclusion, the market is likely to be driven by a combination of factors, including the tariff truce, tech earnings, and monetary policy decisions. The S&P 500 and Nasdaq 100 futures are likely to continue their upward trend, driven by the increasing adoption of AI and other technologies.