Investors forgot about their debt and deficit fears—if only for a moment—on Tuesday. Rested and recharged after their Memorial Day barbeques and, more importantly, happy over U.S. President Donald Trump’s Sunday announcement that he would delay a threatened 50% tariff on EU goods until July 9 to allow for more negotiations, they sent U.S. stock futures upward.
S&P 500 futures rose some 1.4%, while Nasdaq futures jumped 1.5% and Dow futures rose 1.2% premarket. Individually, Tesla and Nvidia were up about 2.6% premarket—despìte Tesla’s 49% year-over-year Europe sales drop in April—while Trump Media jumped over 9% on an FT report it would raise $3 billion to buy crypto.
