“Don’t worry about China, it will all be fine!" said President Trump over the weekend
Stock futures are up off the mat to start the new week, buoyed by cooling tariff tensions between the U.S. and China. Futures on the Dow Jones Industrial Average (DJI) were last seen indicating a 400-point pop, while Nasdaq-100 (NDX), and S&P 500 Index (SPX) futures are also eyeing gaps higher.
Following President Donald Trump's hardline China trade commentary on Friday, his Truth Social post Sunday stated "The U.S.A. wants to help China, not hurt it.” In response, the growth stocks that were pummeled last session are now poised to recoup those losses.
5 Things You Need to Know Today
- The Cboe Options Exchange saw 4.4 million call contracts and 3.1 million put contracts exchanged on Friday, the most on record. The single-session equity put/call ratio rose to 0.69, while the 21-day moving average remained at 0.58.
- Warner Bros Discovery Inc (NASDAQ:WBD) stock is 4.6% higher ahead of the bell, after a Bloomberg report indicated the company rejected Paramount Skydance's (PSKY) $20 per share buyout. WBD is 61.8% higher in 2025, but down 12.4% this quarter already.
- Shake Shack Inc (NYSE:SHAK) stock is up 2% before the open, after Jefferies upgraded the restaurant chain to "hold" from "outperform" to go with a price-target cut to $95 from $110. The analyst in coverage sees the risk-reward ratio more balanced after the three-month slide of 38%.
- The shares of StubHub Holdings Inc (NYSE:STUB) are 4.8% higher in electronic trading, after a slew of analyst initiations. No fewer than eight brokerages opened their coverage with "buy" or "outperform" ratings, with a price target as high as $30 from BMO. The newly-issued initial public offering (IPO) event stock is 12.1% higher after making its Sept. 17 debut at $25.35.
- Earnings season kicks off for real this week.
Asian Bourses Moved Lower as Tariff Rhetoric Heats Up
Markets in Asia suffered losses across the board, as last week’s heightening of U.S.-China trade tensions took a toll on sentiment. China’s Shanghai Composite fell 0.2%, after the country’s Commerce Ministry said they were “not afraid” of a tariff war. China also reported an 8.3% hike in exports for September, its fastest rate in six months. Hong Kong’s Hang Seng shed 1.5%, while South Korea’s Kospi fell 0.7%. Markets in Japan were closed for holiday.
European markets are mixed amid trade tensions between the U.S. and China, though mining stocks are giving markets a lift. At last glance, London’s FTSE 100 is off 0.04%, while both France’s CAC 40 and Germany’s DAX are up 0.3%.