US pre-open: Futures higher on tech tariff exemptions

(Sharecast News) - Wall Street futures were in the green ahead of the bell on Monday as surprise tariff exemptions from Donald Trump gave sentiment a boost. As of 1225 BST, Dow Jones futures were up 0.76%, while S&P 500 and Nasdaq-100 futures had the indices opening 1.10% and 1.30% firmer, respectively.

The Dow closed 619.05 points higher on Friday, wrapping up one of the most volatile trading weeks on record with solid gains.

US Customs and Border Protection revealed that smartphones and computers, as well as other devices and semiconductors, would be exempted from Donald Trump's newly announced "reciprocal" tariffs, sending shares in the likes of Apple and Nvidia higher.

However, both Trump and commerce secretary Howard Lutnick later indicated that the exemptions weren't permanent, with Trump saying these products were still "subject to the existing 20% Fentanyl Tariffs" and that they were "just moving to a different Tariff 'bucket'."

In the corporate space, Goldman Sachs was slated to report earnings on Monday.

No major data points were scheduled for release on Monday.







Reporting by Iain Gilbert at Sharecast.com