The move in futures comes after a broadly positive day on Wall Street. The S&P 500 rose 0.72%, while the Nasdaq Composite climbed 1.61% for its fifth straight positive session. The Dow fell 0.64%, weighed down by UnitedHealth, but is still up on the week.

US-China trade truce euphoria is giving way to worry over economic slowdown in the wait for the latest US consumer inflation report

Stocks closed mostly higher on Tuesday after the release of encouraging inflation data, adding to big gains posted the previous session following a de-escalation in the trade spat between the U.S. and China.

Stocks are soaring Monday as investors cheer weekend talks that saw China and the U.S. agree to slash tariffs on each other for at least 90 days. Data indicate that institutions were already lagging behind the stock-market bounce that had seen the S&P 500 take back much of its post-April 2 selloff,

Stock futures rose Sunday after Treasury Secretary Scott Bessent said “substantial progress” was made in trade negotiations with Chinese officials, potentially thawing tensions kickstarted by Trump’s escalating tariff policy.

U.S. stock futures were higher on optimism around U.S.-China trade talks, while most European markets fell on EU tariff retaliation fears.

Stocks looked set for losses on Tuesday as investors locked in their gains from a stellar trading session. Signs of thawing trade tensions between the U.S. and China sparked an eye-popping rally Monday.