U.S. stock futures were mixed on Monday evening after the major averages witnessed a major recovery during the regular trading session. Futures on the Nasdaq 100 (NDX) and the S&P 500 (SPX) were down 0.01% and 0.03%, respectively, at 7:38 p.m. EDT, October 13, while the Dow Jones Industrial Average (DJIA) futures were up 0.06%.
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Earlier today, both the S&P 500 and the Dow jumped more than 1%. The S&P 500’s gain was its largest one-day increase since May 27. Also, the Dow broke a five-day losing streak, achieving its best daily performance since September 11 and recovering two-thirds of Friday’s decline.
The upside was fueled by a reassuring post from President Donald Trump on Truth Social, which temporarily eased investor concerns about escalating trade tensions between the U.S. and China. “Don’t worry about China, it will all be fine,” the post read on Sunday.
Looking ahead, investors are focused on corporate earnings, with major financial firms, including JPMorgan Chase (JPM) and Goldman Sachs (GS), scheduled to report their third-quarter results.
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