Market Rebounds Despite Escalating Trade Conflict

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

Significant Gains Across Major Indices

By 6:00 am ET, the Dow Jones futures had surged by 0.57%, or 227 points. Simultaneously, the Nasdaq 100 futures saw an advance of 0.84%, and the S&P 500 futures improved by 0.77%, signaling a robust recovery across the board.

Euro Strengthens Against the Dollar

In currency markets, the euro demonstrated notable strength against the dollar, trading 1.58% higher at 5:54 am ET and selling for $1.13762, further highlighting the day's dynamic market movements.