U.S. Tech Futures Jump After U.S., China Agree to Substantial Tariff Cuts -- Market Talk

Dow Jones05-12

0820 GMT - Futures linked to the tech-heavy Nasdaq-100 rise sharply after the U.S. and China agreed to suspend most tariffs on each other's goods pending further negotiations. The E-mini Nasdaq 100 futures contract is up 3.3% on Monday. Tech stocks had been under strain since U.S. President Trump in April levied tariffs on dozens of nations, including China, prompting Beijing to retaliate. Tariffs rattled tech investors who feared a trade war could destabilize supply chains and raise costs for both manufacturers and consumers. Nvidia shares are up 2.7% premarket at $119.74, while Apple stock is up 4.6% at $207.38. (mauro.orru@wsj.com)

(END) Dow Jones Newswires

May 12, 2025 04:20 ET (08:20 GMT)

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