Wall Street set to rise on trade deal relief; business activity data eyed
“The China Trade Deal is fully intact,” Trump tweeted late on Monday after White House adviser Peter Navarro sparked confusion by saying the deal was over, roiling risk assets globally and sending S&P stock futures down as much as 1.7%.
A boost from technology stocks helped Wall Street’s three major indexes close higher in the previous session with the tech-heavy Nasdaq registering its fourth record closing high this month. At 6:32 a.m. ET, Dow e-minis were up 225 points, or 0.87%. S&P 500 e-minis were up 24.25 points, or 0.78% and Nasdaq 100 e-minis were up 65.5 points, or 0.65%.
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