Stocks were on track for another session of gains on Monday after President Donald Trump said he had struck a deal to set 15% tariffs on the European Union, reassuring investors after months of trade-based uncertainty.
Futures tracking the Dow Jones Industrial Average were up 89 points, or 0.2%, putting it on pace to open at a record high. S&P 500 futures rose 0.3%, and contracts tied to the tech-heavy Nasdaq 100 were up 0.5%, after both indexes set records of their own Friday.
The U.S. and the EU reached a trade pact on Sunday, which Trump touted as “the biggest deal ever made.” It’s a welcome development for investors, with just days to go until the Aug. 1 deadline the White House has set for any deals to be reached before tariffs snap higher.
“It certainly helps to firm up the bull case for equities, which was already a pretty resilient one anyway,” Michael Brown, strategist at the foreign exchange brokerage Pepperstone,…
