Wall Street Futures Surge Amid Tariff Relief Hopes

Wall Street futures surged as investors hoped for a softer U.S. tariff approach while awaiting economic data. Reports indicated a potential exclusion of sector-specific tariffs, boosting market sentiment. Stock indexes rose slightly as future tariffs remained flexible, following a correction earlier this year.

Wall Street futures experienced a significant rise on Monday, fueled by investor optimism for a more restrained strategy on U.S. tariffs, alongside the anticipation of forthcoming economic data to gauge the nation's economic health and inflation trends.

Reports over the weekend suggesting possible exclusions of sector-specific tariffs, while implementing reciprocal levies, contributed to a positive atmosphere in early trading. Major stock indexes closed slightly higher on Friday and recorded weekly gains after President Trump indicated potential flexibility regarding the implementation of new tariffs scheduled for the upcoming month.

This market rally comes after investors faced volatility in recent weeks, driven by fears of a sharp economic downturn stemming from previously announced tariffs on major trading partners. However, markets appear to have stabilized, with technology stocks leading Monday's premarket gains.

(With inputs from agencies.)