US stock futures rise as Trump hints at easing auto tariffs, optimism over earnings and data.

From Yahoo Finance: 2025-04-29 06:10:00

U.S. stock index futures rose as Trump administration hinted at easing auto tariffs. Ford, Tesla, and GM stocks saw modest gains ahead of earnings. Investors await U.S.-China trade updates and key economic data, including GDP and nonfarm payrolls. Megacap tech companies like Meta and Apple will report quarterly results. Markets show cautious optimism.

Dow e-minis were up 96 points, S&P 500 E-minis up 7.25 points, Nasdaq 100 E-minis up 25.25 points. S&P 500 closed with marginal gains for the fifth straight session. Indexes show recovery amid trade tension hopes, but remain down for the year. First-quarter earnings expected to rise 10.9%, despite tariff impact concerns.

NXP Semiconductors NV fell 8.1% after CEO announced retirement. Revenue slightly beat expectations. Markets await earnings reports from companies like Coca-Cola and UPS. Consumer confidence and job openings data also on the horizon. Uncertainty lingers amidst trade negotiations and upcoming economic indicators.

Read more: US stock futures edge up on tariff relief, with earnings and data in focus