Stock Futures Rebound After Trump’s Latest China Remarks

Stock futures were rebounding after Friday’s sharp drops. (NYSE)

Key Points

• Stock futures rose Sunday evening after President Trump’s conciliatory remarks regarding China.
• Dow Jones Industrial Average futures increased 0.8%, S&P 500 futures gained 1%, and Nasdaq Composite futures rose 1.3%.
• Trump’s previous threat of an additional 100% tariff on Chinese imports had caused a market downturn on Friday.

Stock futures shot higher Sunday evening after President Donald Trump offered conciliatory words about China two days after his tariff threat sent U.S. stocks tumbling.

Shortly after trading began at 6 p.m. Eastern time on Sunday, Dow Jones Industrial Average futures rose nearly 400 points or 0.8%; S&P 500 futures gained 1%; and Nasdaq Composite futures ticked up 1.3%.

“Don’t worry about China, it will all be fine!” Trump said in a social media post earlier Sunday. He added that his China counterpart, President Xi Jinping, “had a bad moment,” an apparent reference to China’s move last week to put export controls on rare earths.

That move, which surprised the Trump administration, was met Friday with Trump’s threat to slap an additional 100% tariffs on products imported to the U.S. from China on top of current tariffs, starting Nov. 1.

Those remarks helped send the Dow Jones Industrial Average tumbling 879 points, or a fall of 1.9% on Friday. The S&P 500 fell 2.7%, and the Nasdaq Composite closed down 3.6%.

The Dow is up 6.9% year to date, the S&P 500 is up 11.4%, and the Nasdaq is up 15%, according to Dow Jones Market Data.

On Fox’s Sunday Morning Futures, Vice President JD Vance urged Beijing to “choose the path of reason.”

And Trump’s Sunday social media post sounded more like an olive branch. “He doesn’t want Depression for his country,” Trump said of Xi, “and neither do I. The U.S.A. wants to help China, not hurt it!!!”

Write to Janet H. Cho at janet.cho@dowjones.com