Market Optimism Ahead of Corporate Earnings

As the trading day began, major United States futures showed promising gains. Investors are keenly awaiting the latest quarterly earnings reports from a slew of high-profile companies, including Airbnb, Disney, DoorDash, Lyft, McDonald's, Uber, and Virgin Galactic, all slated for release later today.

EU Temporarily Suspends Tariffs Against US

In a significant development, the European Union has announced a six-month suspension of its reciprocal tariffs against Washington. This move is seen as a step towards easing trade tensions between the two economic powerhouses.

Early Market Movements

At 4:20 am ET, the Dow Jones had added 0.37%, or 165 points, showcasing early positive momentum. Shortly after, the Nasdaq 100 and the S&P 500 followed suit, increasing by 0.43% and 0.41%, respectively. Meanwhile, the euro remained stable against the dollar, trading at 1.15728 at 4:31 am ET.