
U.S. stocks appear set for a positive opening on Thursday as President Donald Trump’s deadline for reciprocal tariffs kicked in from midnight Thursday.
In a post on Truth Social, President Trump celebrated that billions of dollars are now flowing into the United States from countries that have “taken advantage” of the U.S. for many years.
“The only thing that can stop America’s greatness would be a radical left court that wants to see our country fail!” President Trump said in the post.
While Dow Jones futures rose 0.61% at the time of writing, the S&P 500 futures gained 0.7%, while the tech-heavy Nasdaq 100’s futures surged 0.8%. Futures of the Russell 2000 index were up 0.93%.
Meanwhile, the SPDR S&P 500 ETF (SPY) gained 0.7% at the time of writing, while Invesco QQQ Trust (QQQ) was up 0.8% on Thursday morning. Retail sentiment around the S&P 500 ETF on Stocktwits was in the ‘neutral’ territory.
Asian markets ended Thursday’s trading session on a positive note, with the TWSE Capitalization Weighted Stock index leading with gains of 2.32%, followed by the KOSPI at 0.92%, and the Nikkei 225 at 0.56%.
The Hang Seng rose 0.35%, while the Shanghai Composite gained 0.16%.
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