Stock futures jumped early Monday on reports President Donald Trump was planning on holding back some of the tariffs initially planned for April 2, raising hopes the U.S. won't plunge the globe into an all-out trade war.
Futures tied to the Dow Jones Industrial Average advanced 411 points, or 1%, with gains increasing steadily as the NYSE open approached. S&P 500 futures added 1.2%, while Nasdaq 100 futures were 1.6% higher.
Shares of Tesla, which have fallen nine straight weeks, were up 3.6% in premarket trading Monday. Meta shares added nearly 3%, while Nvidia shares rose about 2.1%.
