Pre-Market Pulse: Equity Futures Rally on Tariff Reprieve and Tech Breakouts 29 May
Market Overview and Sentiment News Futures Rally on Tariff Ruling: U.S. E‑mini Dow futures jumped 1.31%, S&P 500 futures rose 1.73%, and Nasdaq futures added 2.15% after a federal court blocked most of former President Trump’s proposed tariffs. Tech Stocks Lead Gains: Nvidia shares surged 5.4% on Q1 revenue beats, powering tech-heavy futures; Salesforce also climbed 2.3% on an upgraded outlook, while HP fell 8.5% on weaker guidance. Dollar Strengthens: The U.S. dollar gained ground after the tariff decision, pressuring commodities and USD‑sensitive futures. Asian Markets Upbeat: Asian equities climbed on relief that sweeping trade measures were halted, boosting global sentiment. Fed Minutes Caution: FOMC minutes flagged rising inflation and bond volatility risks, injecting caution into short‑term strategies . Safe‑Haven Status Concern: Fed officials worried U.S. assets could lose their safe‑haven appeal amid policy uncertainty. Pre‑Ma...