Premarket Rally: Dow Futures Climb on Tech Momentum Ahead of Fed Minutes

U.S. equity futures surged in Tuesday’s pre-market session as investors reacted to easing trade tensions and a barrage of headline-grabbing corporate news. Futures tied to the Dow Jones Industrial Average advanced about 1.2%, pointing to a gain of more than 500 points at the open, while S&P 500 and Nasdaq-100 contracts also traded firmly higher. Macro drivers • Washington and Brussels signaled a fast-track path to new trade talks, prompting traders to scale back expectations for near-term tariffs. • The U.S. dollar strengthened to ¥144.08, up from ¥142.85, while the euro slipped to $1.1348. • In commodities, Brent crude hovered just 0.05% lower and spot gold fell 2.26% as safe-haven demand ebbed. Stocks to watch • Tesla climbed after a weekend social-media post hinted at stronger-than-expected Model Y deliveries. • Cloud-software name Informatica rallied on reports of takeover interest from a large private-equity consortium. • Newmont ticked higher as gold prices stabilized above the $2,300 mark despite the morning pullback. • Chinese e-commerce giant PDD Holdings plunged roughly 20% after posting a sharp earnings miss and warning of margin pressure from intensified discounting. • CoreWeave leapt in thin pre-market action following news that the AI-focused cloud provider secured a multi-year contract with a leading hyperscaler. Earnings calendar highlights Before the bell, analysts will parse reports from auto-parts retailer AutoZone, Canadian lender Bank of Nova Scotia, and aerospace specialist SkyWest, among others. Why it matters Today’s upbeat pre-market tone comes after a three-day holiday weekend when traders digested mixed global economic data. A decisive break above last week’s highs in futures could reignite momentum buying and position the major indices for fresh year-to-date records, provided that scheduled consumer-confidence and housing data later in the morning support the growth narrative. Key take-away With trade rhetoric cooling and heavyweight tech names back in favor, pre-market action suggests risk appetite is rebuilding fast. Still, the path from futures to the closing bell often twists on intra-day headlines—particularly around tariffs and AI demand—so volatility may remain elevated as Wall Street transitions from long weekend calm to mid-week catalysts.