U.S. Futures Rally on Tariff Delay Ahead of Nvidia Earnings

U.S. stock index futures jumped sharply on Monday evening as President Trump agreed to delay 50% tariffs on EU imports until July 9, easing concerns over further trade escalation. With Wall Street closed for Memorial Day, volume was muted, but S&P 500 Futures leapt 1.1% to 5,879.25, Nasdaq 100 Futures gained 1.3% to 21,236.50, and Dow Jones Futures climbed nearly 1% to 42,069.0.

Trump's Tariff Postponement Spurs Relief

On Sunday, Trump and EU President Ursula von der Leyen agreed to push back the proposed tariffs, while recommitting to earnest trade talks. The prospect of avoiding an immediate shock to transatlantic commerce buoyed futures, although markets remain wary after Friday's surprise 50% tariff threat on Apple and smartphone imports.

Tech Sector in the Spotlight: Nvidia's Bellwether Report

All eyes now turn to Nvidia's Q1 earnings—due Wednesday—widely seen as a barometer for the AI-driven tech rally. Investors can add the report to their agenda via the Earnings Calendar API, ensuring they don't miss management's guidance on revenue growth and gross-margin targets.

Analyst Sentiment on Nvidia

Even before the release, analysts remain bullish. Based on data from the Price Target Summary API, Nvidia's consensus price target stands at $675, implying roughly 15% upside from current levels—reflecting expectations for a strong beat on both the top and bottom lines.

With trade-policy jitters easing and a marquee tech report imminent, U.S. equity benchmarks look set for a volatile week. Keeping tariff dates and earnings events on your radar is crucial for navigating the next moves in both futures and underlying markets.