Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Eleanor Pringle

Wall Street buoyed by Lutnick’s 10-deal pipeline, but analyst warns present calm may merely be the ‘eye of the storm’

U.S. Commerce Secretary Howard Lutnick (Credit: Win McNamee—Getty Images)
  • Markets have entered a period of relative calm despite recent volatility driven by geopolitical tensions and President Trump’s tariffs. The S&P 500, Nasdaq, and FTSE 100 all posted modest gains and are nearing their all-time highs. Investors were cheered by U.S. Commerce Secretary Howard Lutnick’s statements about imminent trade deals the White House is prepared to sign with key partners. Analysts caution that this may just be a temporary lull before renewed uncertainty around the upcoming tariff deadline.

Despite the macroeconomic factors swirling over Wall Street, a relative calm has descended across markets. At the time of writing, the S&P 500 is up 0.8% over the past day, the Nasdaq was up 1%, and the FTSE 100 was up 0.5% in early trading this morning. S&P futures were up 0.23% this morning, premarket.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.