U.S. stock futures rose on Thursday following Wednesday’s mixed close. This comes as President Donald Trump is in China addressing key issues such as trade, tariffs, Taiwan, and Iran with Chinese President Xi Jinping.
On Thursday, Xi stressed the significance of the Taiwan issue, terming it as the “most critical matter” in bilateral relations, the South China Morning Post (SCMP) reported, citing state media.
Meanwhile, the U.S. cleared Nvidia Corp.‘s (NASDAQ:NVDA) H200 AI chip sales to Alibaba Group Holding Ltd. ADR (NYSE:BABA), Tencent Holdings ADR (OTC:TCEHY), and 8 other firms, but Beijing has halted the deliveries.
The 10-year Treasury bond yielded 4.46%, and the two-year bond was at 3.97%. The CME Group’s FedWatch tool‘s projections show markets pricing a 98.6% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.
| Index | Performance (+/-) |
| Dow Jones | 0.44% |
| S&P 500 | 0.24% |
| Nasdaq 100 | 0.35% |
| Russell 2000 | 0.03% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Thursday. The SPY was up 0.26% at $744.21, while the QQQ was higher by 0.39% to $717.47.
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