U.S. stock futures showed little change on Monday night following a rise in major averages due to increasing hopes that President Donald Trump would scale back his initial plans for broad-ranging tariffs. Futures tied to the S&P 500 slightly decreased by 0.03%, while Dow Jones Industrial Average futures and Nasdaq 100 futures each lost less than 0.1%. During Monday’s session, the 30-stock Dow increased nearly 600 points (about 1.4%), the S&P 500 added nearly 1.8%, and the tech-heavy Nasdaq Composite climbed 2.3%. Traders grew optimistic after reports from The Wall Street Journal and Bloomberg News suggested that the White House might narrow the scope of tariffs. Later, Trump mentioned he “may give a lot of countries breaks” on reciprocal tariffs but added that duties on certain sectors, like pharmaceuticals and autos, would still come in the “near future.” Despite back-to-back gains, stocks have had a volatile past month. Jim Elios of Elios Financial Group stated that market corrections typically recover as fast as they decline. Traders will focus on economic releases on Tuesday, including consumer confidence data for March, February’s new home sales data, and the Richmond Federal Reserve’s manufacturing index for March. Additionally, Fed Governor Adriana Kugler and New York Fed President John Williams are scheduled to speak at events. — news from CNBC
