U.S. stocks looked set to rise on Thursday after President Donald Trump said he was set to announce the first trade deal since he unveiled sweeping tariffs on countries across the world.
Futures tracking the Dow Jones Industrial Average were up 214 points, or 0.5%. S&P 500 futures rose 0.8%, and contracts tied to the tech-heavy Nasdaq 100 jumped 1.1%.
The three blue-chip indexes ended Wednesday in the green on news that U.S. and Chinese officials will meet to discuss trade. The Federal Reserve also held interest rates as expected, although Chair Jerome Powell did signal that Trump’s tariffs have made the macroeconomic outlook more uncertain.