US Stock Futures Make a Comeback

In a surprising turn of events, United States stock futures reversed their earlier losses on Friday, moving into positive territory. This shift occurred even as the trade conflict between the US and China intensified, with Beijing announcing a significant increase in tariffs on US goods from 84% to 125%.

Market Movements at a Glance

By 6:00 am ET, the Dow Jones futures had climbed 0.57%, or 227 points, showcasing a robust recovery. Similarly, the Nasdaq 100 futures saw an uptick of 0.84%, while the S&P 500 futures improved by 0.77%, indicating a broad-based rally across major indices.

Euro Strengthens Against the Dollar

In currency markets, the euro demonstrated strength against the dollar, trading 1.58% higher at 5:54 am ET. The exchange rate stood at $1.13762, reflecting the dynamic shifts in global financial markets amidst ongoing trade tensions.