Catenaa, Tuesday, May 27, 2025- US stock futures surged Monday night after President Donald Trump announced a delay on imposing a 50% tariff on European Union goods, a move that calmed jittery investors and boosted global market sentiment.
The Dow Jones Industrial Average futures climbed 407 points, or 1%. S&P 500 futures gained 1.1%, and Nasdaq 100 futures rose 1.3% following the president’s Sunday statement.
Trump confirmed he would extend the EU tariff deadline to July 9 after a request from European Commission President Ursula von der Leyen.
The proposed levy, originally set to begin June 1, had drawn heavy criticism from business leaders and policymakers on both sides of the Atlantic.
“While the delay in EU tariffs has provided a short-term boost to futures markets, underlying concerns about trade relations and upcoming economic indicators continue to weigh on investor sentiment,” Naeem Aslam of Zaye Capital Markets said in a note to clients.
Markets were closed Monday in observance of Memorial Day, capping a week in which the Dow, S&P 500 and Nasdaq Composite each fell more than 2%.
The drop was fueled by trade worries and investor caution over corporate earnings and macroeconomic signals.
Investors are now awaiting key economic data on housing, consumer confidence and durable goods, along with remarks from Fed officials and earnings reports from Okta, Nvidia, Macy’s and Costco later this week.
