Futures linked to the DOW JONES index rose 0.80% to 45,842.40 points, while those of the S&P 500 rose 1.14%, to 6,627.40 points. NASDAQ 100 futures rose 1.71% to 24,635.60 points.
Wall Street is trying to recover after suffering a severe blow last Friday due to new trade tensions between the US and China. The DOW JONES, which had started the day with gains, ended up losing 878 points, or 1.90%, while the S&P 500 fell 2.71% in what was its worst day since April. However, the biggest punishment was for the Nasdaq, closely linked to technology stocks, with a fall of 3.56%.
With this corrective, the three major indices fell in the accumulated value of the week: the DOW JONES lost 2.7%, the S&P 500 fell 2.4% and the technological Nasdaq fell 2.5%.
Today the market is attempting a rebound after a post by Trump on Truth Social yesterday Sunday seemed to suggest to investors that the president might not follow through on his threat to impose a “massive increase in tariffs” on China. “Don’t worry about China, everything will be fine! The respected President Xi has just had a bad time. «He doesn’t want a depression for his country, and neither do I,» Trump wrote. “The US wants to help China, not hurt it.”
Vice President JD Vance echoed these views over the weekend, adding to Fox News that the US will negotiate if Beijing is “willing to be reasonable,” although he added that if not, it has “many more cards up its sleeve.”
“Technology stocks led the sell-off, as investors fear that this situation between the US and China will seriously affect the AI Revolution thesis and return us to the dark days of April,” explains Dan Ives, global director of technology research at Wedbush Securities. However, “we believe that the bark will be much louder than the bite, that Trump and Xi should meet in the coming weeks to discuss some of these issues, and that the threat of the November 1 tariffs is likely to finally disappear.”
However, there are other concerns in the market. Among them, the closure of the US federal administration, which begins its third week Without, at the moment, it seems feasible that Democrats and Republicans will reach an agreement for its reopening in the short term. In that sense, we must take into account that the payroll deadline is approaching. October 15 is the next pay date for most federal employees, and possibly the first many employees will miss.
In the purely business field, this week we will have to pay attention to the results of the large banks, starting tomorrow Tuesday with the accounts of Goldman Sachs, JPMorgan Chase and Wells Fargo, and continuing on Wednesday with Bank of America and Morgan Stanley.
“The figures are going to be good,” predict the Bankinter analysts in a note. “The estimated growth in earnings per share ranges between +7.9% (Wells Fargo) and +28.7% (Goldman Sachs), thanks to trading, investment banking and a stable cost of irrigation/CoR.” “The key to prices is in the Q4 2025/2026 guidance and capital management where we expect positive messages due to the expected improvement in Investment Banking (Mergers and Acquisitions, IPOs…) in an environment of falling rates; and the ability to maintain a remuneration policy.”
While awaiting the results, JPMorgan Chase is also the protagonist today after the entity has announceda ten-year plan to finance and acquire stakes in companies that it considers crucial to US national security. The bank will invest up to 10 billion dollars in companies in the defense and aerospace sectors, artificial intelligence and quantum computing, or energy technologies such as batteries and supply chains.
Bloom Energy shares soar more than 25% after signing an artificial intelligence-related deal with Brookfield. As part of the deal, Brookfield will invest up to $5 billion in deploying Bloom Energy fuel cells in AI data centers. Bloom fuel cells provide on-site energy that is activated quickly by not relying on the electrical grid.
Outside the bank, Warner Bros shares rise 2% in New York morning. David Ellison, CEO of Paramount Skydance, could present an offer to buy all of Warner before the spin-off of the media giant, according to The Wall Street Journal.
MP Materials soars 7.8% fueled by new trade tensions between the US and China, after Beijing’s restrictions on the export of rare earths have boosted bets on alternative suppliers.
In raw materials markets, oil prices are rebounding after the sharp falls last Friday, also pending relations between the US and China, the world’s two largest consumers of black gold. West Texas futures rose 0.85% to $59.40 per barrel, while international benchmark Brent oil paid at $63.19, up 0.73%.
Gold conquers new historical highs, with a rise today of 1.64% in its spot variety, up to $4,084.100 per ounce. Today Bank of America analysts have predicted that it could reach $5,000 in 2026.
The euro fell 0.42% against the dollar, leaving the exchange rate at 1.1567 dollars for each single currency.