US stock futures are trading marginally in the red after a strong rally on Monday, marking their best single-day gain since April 9, which was the day US President Donald Trump announced a pause to his reciprocal tariff program for 90 days.

All told, the S&P 500 rose 184.28 points to 5,844.19. The Dow Jones Industrial Average gained 1,160.72 to 42,410.10, and the Nasdaq composite leaped 779.43 to 18,708.34.

Stocks surged steadily on Monday after Wall Street got what it wanted on the tariff front. The Dow Jones Industrial Average was up 1,110 points, or 2.7%, in early afternoon trading. The S&P 500 was up 3.

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U.S. stock-index futures are seeing sharp gains after the U.S. and China agreed to mutually slash tariffs temporarily. The Dow Jones Industrial Average is on track to erase the remainder of the ground lost following President Donald Trump's rollout of sweeping tariffs on April 2,

The US indices that I follow all seem to be showing the same thing, that we are going higher again. This is after the US/China announcement that we might be closer to an agreement than once originally thought.

Two of the Dow's 30 constituents are ripe for the picking amid the heart of earnings season, while another artificial intelligence (AI)-inspired component is sending the wrong signals.

News Corp beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by growth in its Dow Jones business and online real estate services, sending its shares up about 3% in extended trading.