Wall Street was poised to add to last week’s gains when markets opened on Monday as investors juggled incoming corporate earnings along with possible tariff updates from the U.S. and its trading partners, according to the Associated Press. Futures for the S&P 500 gained 1.4% before the bell, while futures for the Dow Jones Industrial Average rose 1% and Nasdaq futures were up 1.7%.
Shares rose in technology companies that stood to be hit hardest by the U.S. tariffs against China after President Donald Trump said he was temporarily exempting smartphones, computers and other electronics from the import fees.
Apple jumped close to 6% in premarket trading Monday, with computer maker Dell and chipmaker Super Micro Computer also up by about the same amount.
Goldman Sachs rose 1.5% after the New York investment bank topped Wall Street’s first-quarter earnings and revenue targets.
The yield on the 10-year Treasury eased to 4.44%. On Friday, it topped 4.58% in the morning, up from 4.01% a week ago. That’s a major move for a market that typically measures things in hundredths of a percentage point.
U.S. benchmark crude oil reversed early losses, gaining 83 cents to $62.33 per barrel. Brent crude, the international standard, climbed 81 cents to $65.57 per barrel.
The U.S. dollar dropped to 143.06 Japanese yen from 143.91 yen.
