US Stock Futures Turn Positive Amid Trade War Escalation

Despite the escalating trade conflict between the United States and China, US stock futures reversed their earlier losses on Friday, moving into positive territory. This surprising shift occurred after China announced an increase in tariffs on US goods from 84% to 125%, a move that could have dampened market spirits.

Market Gains Across the Board

By 6:00 am ET, the Dow Jones futures had gained 0.57%, or 227 points, signaling a strong start to the trading day. Similarly, the Nasdaq 100 futures advanced by 0.84%, and the S&P 500 futures improved by 0.77%, showcasing broad-based market optimism.

Euro Strengthens Against the Dollar

In currency markets, the euro traded 1.58% higher against the dollar at 5:54 am ET, selling for $1.13762. This movement reflects the dynamic interplay between global trade tensions and currency valuations.