US stocks are set to recoup some losses from Friday’s selloff after President Donald Trump backpedaled on his tariff threats against Beijing, signaling a willingness to negotiate and ease tensions. Gold topped a new all-time high.
S&P 500 futures bounced 1.4% after the benchmark suffered its biggest drop since April. Contracts for the Nasdaq 100 rallied as much as 2.3%. Treasury futures slippedBloomberg Terminal, with cash trading in US bonds suspended for Columbus Day. Despite the calmer mood, the dash for the safety of gold persisted as the metal breached $4,070 an ounce.
