US stock futures edged higher on Thursday following a historic rally in the major averages. The market responded positively to President Trump’s announcement of a 90-day pause on some new tariffs, although the escalation of trade tensions with China persists. Megacap technology stocks strongly influenced the overall positive market sentiment.
- The Dow Jones jumped 7.87% in regular trading on Wednesday.
- This marked the Dow’s biggest one-day gain in five years.
- The rally was partially attributed to President Trump offering a 90-day reprieve on reciprocal tariffs for some countries.
The Dow Jones Industrial Average experienced a significant upswing following the President’s tariff announcement. While trade tensions with some countries remain, the pause in tariff implementation seems to have instilled confidence among investors, leading to a substantial positive movement. The performance suggests that tariff-related news has a considerable impact on market behavior, and any changes to trade policies can significantly affect the index’s value.