U.S. futures jumped early Tuesday, the Associated Press reports, following a weekend trade truce between the E.U. and U.S. after Trump’s threat late last week to tack on a 50% tariff on imports from the trading bloc.
Futures for the S&P 500 climbed 1.5% before the bell, while futures for the Nasdaq rose 1.6%. Futures for the Dow Jones Industrial Average gained 1.4%. Those premarket gains were enough to wipe out losses from Friday.
Tesla shares rose 2.1% before the bell Tuesday despite sales in Europe plunging for the fourth consecutive month.
Southwest Airlines rose close to 3% in premarket trading as the carrier prepared to implement its new policy that will charge most travelers for checked bags. Southwest had built years of advertising campaigns around its policy of letting passengers check up to two bags for free, but the struggling airline has come under pressure from activist investors to boost profits and revenue.
U.S. benchmark crude oil ticked down 7 cents to $61.46 per barrel. Brent crude, the international standard, lost 4 cents to $64.08 per barrel.
The U.S. dollar rose to 144.08 Japanese yen from 142.85 yen.
