{"id":352673,"date":"2025-11-03T13:20:24","date_gmt":"2025-11-03T13:20:24","guid":{"rendered":"https:\/\/www.europesays.com\/us\/352673\/"},"modified":"2025-11-03T13:20:24","modified_gmt":"2025-11-03T13:20:24","slug":"wall-street-futures-rise-on-ai-optimism-us-china-trade-truce","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/352673\/","title":{"rendered":"Wall Street futures rise on AI optimism, US-China trade truce"},"content":{"rendered":"\n<p class=\"yf-1090901\">2025 -Wall Street futures gained on Monday, kicking off November on firmer ground, on the back of optimism around AI demand and a U.S.-China trade truce.<\/p>\n<p class=\"yf-1090901\">The benchmark S&amp;P 500 posted its sixth consecutive monthly gain in October, its longest such streak in four years, while the tech-heavy Nasdaq logged its longest streak since January 2018 after all the so-called &#8220;Magnificent Seven&#8221; companies that have reported their earnings so far pointed to a surge in AI spending.<\/p>\n<p class=\"yf-1090901\">Investors will have more clues on AI demand, as semiconductor firms including Advanced Micro Devices and Qualcomm report results this week.<\/p>\n<p class=\"yf-1090901\">U.S. President Donald Trump said AI giant <a href=\"https:\/\/finance.yahoo.com\/quote\/NVDA\/\" data-ylk=\"slk:Nvidia;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">Nvidia<\/a>&#8216;s most advanced chips will be reserved for U.S. companies and kept out of China and other countries. Shares of Nvidia were up 1.6% in premarket trading.<\/p>\n<p class=\"yf-1090901\">Trump and Chinese President Xi Jinping agreed last week to de-escalate tensions, including a one-year delay in reciprocal tariffs, but the agreement did little to address a deeper divide between the world&#8217;s two economic superpowers.<\/p>\n<p class=\"yf-1090901\">At 06:04 a.m. ET, Dow E-minis were up 48 points, or 0.1%, S&amp;P 500 E-minis were up 25.25 points, or 0.37% and Nasdaq 100 E-minis were up 152.5 points, or 0.59%<\/p>\n<p class=\"yf-1090901\">PRIVATE ECONOMIC DATA AWAITED<\/p>\n<p class=\"yf-1090901\">The spotlight this week will be on private sector economic data to gauge the health of the economy, with the second-longest U.S. government shutdown contributing to data fog and monetary policy uncertainty.<\/p>\n<p class=\"yf-1090901\">Investors will closely watch ADP&#8217;s private payrolls data on Wednesday for signs of the labor market&#8217;s health, particularly after Fed Chair Jerome Powell last week tempered optimism for a December rate cut.<\/p>\n<p class=\"yf-1090901\">A clutch of Fed officials aired discomfort with the central bank&#8217;s decision to cut interest rates last week, even as Fed Governor Christopher Waller made the case for further easing to support a weakening labor market.<\/p>\n<p class=\"yf-1090901\">Traders are now pricing in a 69% chance of a 25-basis-point rate cut in December, lower than the 90% priced in a week earlier, according to CME Group&#8217;s FedWatch tool.<\/p>\n<p class=\"yf-1090901\">Meanwhile, the U.S. Supreme Court is set to hear a case around the legality of Trump&#8217;s tariffs on Wednesday, after a lower court said the administration overstepped authority by imposing levies under a law meant for emergencies.<\/p>\n<p class=\"yf-1090901\">Before the bell, Berkshire Hathaway&#8217;s Class B shares rose 1.4% after <a href=\"https:\/\/finance.yahoo.com\/topic\/warren-buffett\/\" data-ylk=\"slk:Warren Buffett;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">Warren Buffett<\/a>&#8216;s conglomerate reported a higher profit for the third quarter.<\/p>\n<p class=\"yf-1090901\">Data storage companies gained after a report said Samsung delayed its DDR5 contract pricing to mid-November.<\/p>\n","protected":false},"excerpt":{"rendered":"2025 -Wall Street futures gained on Monday, kicking off November on firmer ground, on the back of optimism&hellip;\n","protected":false},"author":3,"featured_media":352674,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[691,738,5005,2274,158,67,132,68],"class_list":{"0":"post-352673","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-president-donald-trump","11":"tag-sp-500","12":"tag-technology","13":"tag-united-states","14":"tag-unitedstates","15":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115485974408385521","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/352673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=352673"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/352673\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/352674"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=352673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=352673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=352673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}