U.S. stock index futures experienced a sharp rise on Monday evening following President Trump’s decision to push back the 50% tariffs on EU imports until July 9. This development alleviated fears of further trade tensions. Although Wall Street was closed for Memorial Day, the S&P 500 futures shot up 1.1% to 5,879.25, Nasdaq 100 futures climbed 1.3% to 21,236.50, and Dow Jones futures rose nearly 1% to 42,069.0.

Relief from Trump’s Tariff Postponement

During discussions with EU President Ursula von der Leyen, Trump agreed to delay tariffs, creating optimism around transatlantic commerce even as markets remain wary after Friday’s unexpected 50% tariff threat concerning Apple and smartphone imports.

Nvidia’s Earnings as a Market Indicator

With Nvidia’s Q1 earnings set for release on Wednesday, investors see this as a critical measure of the AI-driven tech market’s performance. Keep track of this highly anticipated report through our Earnings Calendar to not miss out on management’s revenue and margin guidance.

Analysts Remain Positive on Nvidia’s Prospects

Before the earnings call, analysts maintain a bullish outlook, with Nvidia’s consensus price target reflecting a substantial $675, indicating a promising 15% upside based on optimistic expectations for both revenue and earnings.

As trade-related worries diminish and significant tech reports approach, U.S. stock indices are priming for notable market movements this week. Keeping an eye on tariff dates and earnings schedules will be essential for navigating upcoming market actions.