Stocks – U.S. Futures Rise as Trump Postpones Tariff Increase 


© Reuters.

Investing.com – U.S. futures were higher on Thursday after President Donald Trump said he will by two weeks.

rose 22 points or 0.3% by 6:43 AM ET (10:43 GMT), while gained 46 points or 0.2% and were up 3 points or 0.1%.

In what Trump called a “gesture of goodwill,” a planned 5% increase in tariffs on $250 billion worth of Chinese imports will be postponed as the two sides prepare to meet for trade negotiations in early October. The tariffs were set to increase to 30% from 25% on the goods.

Semiconductor companies climbed after news of the tariff delay, with Micron (NASDAQ:) and Advanced Micro Devices (NASDAQ:) up 0.6% and NVIDIA (NASDAQ:) gaining 0.4%. Technology stocks were also higher, with Facebook (NASDAQ:) up 0.1% and Netflix (NASDAQ:) rising 0.4%.

Elsewhere, Oracle (NYSE:) fell 0.6% after its CEO, Mark Hurd, announced he was taking a medical leave of absence and a $15 billion stock buyback.

Investors were also waiting for an expected stimulus package from the , which could pave the way for another wave of easing. The is expected to cut rates on Wednesday.

On the data front, and data for August are released at 8:30 AM ET (12:30 GMT).

In commodities, fell 0.9% to $55.28 a barrel. were up 0.5% to $1,510.25 a troy ounce, while the , which measures the greenback against a basket of six major currencies, slipped 0.1% to 98.558.

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