From Yahoo Finance: 2025-05-27 05:24:00

U.S. stock index futures surged after Trump backed off from imposing steep tariffs on the EU, easing tensions. Asian and European markets were mixed, but U.S. assets rose on traders returning. Dow E-minis were up 1.26%, S&P 500 E-minis rose 1.47%, and Nasdaq 100 E-minis climbed 1.65%.

Tech stocks like Apple, Alphabet, and Tesla saw gains in premarket trading. Trump Media & Technology Group surged 10.3% amid plans to raise $3 billion for cryptocurrency investments. Semiconductor giant Nvidia rose 2.8% ahead of quarterly earnings report on Wednesday.

Upcoming economic data includes May consumer confidence report and Fed meeting minutes. Fed officials like Neel Kashkari call for steady interest rates amidst tariff concerns. Personal Consumption Expenditure data and GDP estimates are also scheduled.

Moody’s credit rating cut and Trump’s tax bill passage led to sharp selloff on Wall Street. S&P 500 is 6% from record highs, rebounding from April lows due to trade optimism. Gold miners like Newmont fell 2% as gold prices dropped over 1%.

Read more: US stock futures rally after long weekend on trade reprieve