US stock futures remained relatively stable following a positive trading day on Wall Street, as investors awaited the conclusion of President Trump’s meeting with Chinese President Xi Jinping. Futures linked to key indices—including the Dow Jones Industrial Average, the S&P 500, and the tech-focused Nasdaq 100—showed minimal movement.
After market hours, shares of Applied Materials and Figma experienced significant surges, driven by strong earnings reports that indicated robust demand within the growing artificial intelligence sector. The optimism surrounding AI contributed to notable gains during the day, with the Dow rebounding to the 50,000 mark and the S&P 500 and Nasdaq reaching new highs. The rising tide of sentiment was further fueled by Trump’s visit to China, wherein discussions included important topics on trade, and the successful market launch of chipmaker Cerebras.
As the summit approaches its conclusion on Friday in Beijing, Trump will return to Washington after a visit characterized by a pro-business atmosphere. The president traveled with a delegation of 16 top executives from major US corporations, including Boeing and Nvidia, both of which have secured new deals during the visit. Despite the positive trade discussions, underlying tensions related to diplomatic issues involving Taiwan and Iran remain a concern.
This week also marks the winding down of the earnings season, with several companies, including Mizuho Financial Group, RBC Bearings, and Sigma Lithium Corporation, set to post their results on Friday. Investors will be watching closely to gauge the broader economic impact as markets close out the week.
