US stock futures rose on Friday after a tough day of trading on Wall Street, where the S&P 500 closed in correction territory. Futures linked to the Dow Jones Industrial Average (YM=F) climbed by 0.4%, while those for the S&P 500 (ES=F) gained 0.5%. Futures for the tech-heavy Nasdaq Composite (NQ=F) surged 0.6%.
Trump’s Trade War Continues Amid Falling Markets
Despite the ongoing market decline, President Donald Trump remained firm in his trade war stance. On Thursday, during a meeting with NATO Secretary General, Trump stated that he had no intention of easing his position on tariffs. He acknowledged that there could be some “disruption” ahead but made it clear that he would not “bend” in his trade policies with major trading partners.
Looming Government Shutdown Threat
A potential US government shutdown has also been a concern for Wall Street. However, Thursday night brought some relief when Senate Minority Leader Chuck Schumer announced that he would vote in favor of advancing a Republican stopgap spending bill. This would keep the government running and avoid a shutdown over the weekend.
Consumer Sentiment Report to Shed Light on Economic Impact
On Friday, the University of Michigan’s consumer sentiment survey is expected to provide insights into how US consumers are coping with the new tariffs and persistent inflation. The previous month’s report showed a growing pessimism about the economy, signaling that the outlook may be worsening as the trade war continues.
Related topics:
