Investing.com-- U.S. stock index futures jumped Monday evening after Wall Street closed slightly lower in a significantly volatile trading session, as investors speculated on whether President Donald Trump will offer countries a path toward negotiating reprieves on tariffs.
S&P 500 Futures rose 1.1% to 5,151.50 points, while Nasdaq 100 Futures jumped 1.2% to 17,763.0 points by 20:02 ET (00:02 GMT). Dow Jones Futures climbed 1.3% to 38,650.0 points.
Tariff pause rumor lifts, then sinks markets
U.S. stock markets saw wild swings during regular trading on Monday amid escalating trade tensions and unverified reports regarding tariff policies.
The S&P 500 , Dow Jones Industrial Average , and NASDAQ Composite all opened sharply lower on Monday, continuing the steep declines from the previous week.
In the morning, an unverified post on the social platform X claimed that President Donald Trump was considering a 90-day pause on tariffs for all countries except China.
This rumor led to a swift surge in stock prices, with the S&P 500 and other major indices erasing earlier losses and turning positive. However, the White House quickly refuted the claim.
Following this denial, the markets relinquished their gains and resumed their downward trajectory.
Later in the day, President Trump intensified the situation by threatening an additional 50% tariff on Chinese goods if China did not withdraw its recent 34% tariff increase on U.S. products by April 8, 2025. This announcement further unsettled investors, contributing to the day’s market turbulence.
By the close of trading, the Dow Jones Industrial Average fell 349 points or 0.9%, the S&P 500 declined by 0.2%, and the Nasdaq Composite edged up by 0.1%.
Investors weigh potential tariff negotiations; Nvidia rebounds
President Trump on Monday reaffirmed his administration’s commitment to implementing reciprocal tariffs, dismissing the possibility of a pause despite market volatility.
In a related development, Treasury Secretary Scott Bessent indicated that the administration is open to negotiations aimed at reducing trade barriers. The update comes as Reuters reported that 50 countries have approached the U.S. seeking negotiations on tariffs.
Technology shares closed higher on Monday, with Nvidia leading the rebound.
NVIDIA (NASDAQ: NVDA ) closed 3.5% higher, while Broadcom Inc (NASDAQ: AVGO ) jumped 5.4%.
Amazon (NASDAQ: AMZN ) and Meta Platforms Inc (NASDAQ: META ) also rebounded from session lows.
Meanwhile, Apple Inc (NASDAQ: AAPL ) closed 3.7% lower, and Tesla Inc (NASDAQ: TSLA ) further lost 2.6% on Monday.