The trader works on the New York Stock Exchange (NYSE) floor at Opening Bell in New York City on March 5, 2025.
Timothy A. Clary | AFP | Getty Images
Stock futures climbed Tuesday evening after President Donald Trump said he had no plans to take Federal Reserve Chairman Jerome Powell from his post as a central bank leader.
Dow Jones Industrial Average Futures Rose 444 points, or 1.1%. Futures tied to the S&P 500 Meanwhile, 1.4% has been popped Nasdaq 100 futures 1.6% has been added.
The futures rally came after Trump said he had no intention of firing Powell late Tuesday.
The comments are a kind of reversal for the president, who fired Barb against Powell on Monday, calling the central bank leader “a major loser” and demanding interest rates go down. Last week, Trump said in a true social post that Powell “can’t finish quickly enough.”
Stocks are out of the victory session with 30 shares Dow They spiked over 1,000 points, ending their four-day loss. Both S&P 500 and Nasdaq Composite I jumped over 2%.
Investor sentiment in the regular session appeared to have been supported by comments from Treasury Secretary Scott Bescent, who suggested a possible “escalation” in Trump’s trade war with China. “I don’t think the current situation is sustainable,” Bescent said he was talking to a group of investors at a meeting hosted by JPMorgan Chase on Tuesday.
The Treasury Secretary’s comments appeared to ease investors’ concerns over trade policy tensions. Trump issued a 90-day suspension on many of his “mutual” tariffs earlier this month, but he served as a 145% mandate in China. Beijing responded Retaliation tariff of 125%escalated already unstable relations between the US and China.
Despite the spike in stocks in the session, volatile investors have been flocking to safe haven assets for recent weeks. Kim Future It rose more than 8% in April, touching on a record high of $3,509.90 on Tuesday.
“There’s a lot of money hidden in the money at this point, so there’s a lot of unproductive money that’s going to find a way back to the market at some point,” said Jamie Cox, managing partner at Harris Financial Group. “The money is there. It’s yellow at the moment.”
