Market Rebounds Amid Trade Tensions

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 an increase in tariffs on US goods from 84% to 125%.

Significant Gains Across the Board

The Dow Jones futures saw a notable increase, gaining 0.57% or 227 points by 6:00 am ET. Similarly, the Nasdaq 100 futures advanced by 0.84%, and the S&P 500 futures improved by 0.77%, signaling a broad-based recovery in the market.

Euro Strengthens Against the Dollar

Adding to the day's financial developments, the euro traded 1.58% higher against the dollar at 5:54 am ET, reaching a value of $1.13762. This movement highlights the dynamic nature of global currency markets in response to ongoing trade disputes.