Futures on the Dow and Nasdaq are up triple digits
Stock are looking to extend last week's gains after one of Wall Street's most volatile five-day stints in history. Futures on the Dow Jones Industrial Average (DJI) and Nasdaq-100 Index (NDX) up triple digits this morning, while S&P 500 Index (SPX) futures sit firmly higher as well.
Tech stocks are getting a boost from temporary tariff exemptions. According to Census Bureau data, the exempted tech products account for roughly 23% of total imports from China.
Continue reading for more on today's market, including:
- A quick recap of the market's performance last week.
- The history behind why the stock market is closed this Friday.
- Plus, 2 electronics stocks rising on a tariff update; and GS jumps on earnings beat.
5 Things You Need to Know Today
- The Cboe Options Exchange (CBOE) saw more than 2.1 million call contracts and 915,592 put contracts exchanged on Friday. The single-session equity put/call ratio came in at 0.43, while the 21-day moving average remained at 0.59.
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Apple Inc (NASDAQ:APPL) is up 6.2% premarket, after President Trump announced tariffs on smartphones, computers, and other electronics would be exempt from tariffs, at least for now, though he said Sunday that the “whole electronics supply chain” will be investigated shortly. Year-to-date,
the equity is down 20.9%.
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Best Buy Co Inc (NYSE:BBY) is one of the top movers on the SPX, up 10.7% before the bell after the electronics tariff exemption. Should these gains hold, BBY will cut deeply into its 29.6% year-to-date deficit and jump further from its April 9 five-year lows.
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Shares of
bank giant Goldman Sachs Group Inc (NYSE:GS) are up 2.6% premarket, after the company posted better-than-expected first-quarter earnings and revenue. Since the start of 2025, GS is down 13.7%.
- This week will bring plenty of economic data, including retail sales data, housing starts, and regional manufacturing updates.
Stocks Higher Overseas as Well
Asian stocks finished comfortably higher Monday, after U.S. President Trump paused levies on select consumer electronics. Some trade negotiations are also ongoing, including with South Korea and Japan. In response, the Kospi and Nikkei finished 1% and 1.2% higher, respectively. China’s March exports numbers moved much higher than expected, staging a 12.4% year-over-year jump, compared to estimates of 4.4%. Hong Kong’s Hang Seng added 2.4% and China’s Shanghai Composite tacked on 0.8%.
The tech tariff pause is boosting investor outlook in Europe as well, with major indexes surging at last check. The euro is continuing to push more gains against the U.S. dollar as well. So far today, France’s CAC 40 is up 2%, Germany’s DAX has added 2.2%, and London’s FTSE 100 is 1.7% higher.