US stock futures remained stable after Wall Street recorded positive gains supported by President Donald Trump's statement that eased trade concerns between the US and China.
The Dow Jones Industrial Average rose 0.1% to 46,353.0 points, the technology-focused Nasdaq rose 0.1% to 24,934.0 points, while the S&P 500 was unchanged at 6,697.75 points.
The gains came after Trump said that trade relations with Beijing "are going to be great," a statement that calmed markets after concerns peaked last weekend.
Trump's statement again eased investor concerns following his previous threat to impose 100% tariffs on Chinese goods and restrict exports of advanced technology.
US Treasury Secretary Scott Bessent said Trump is expected to meet Chinese President Xi Jinping in South Korea later this month to ease trade tariff tensions between the two countries.
In other news, technology and industrial stocks showed a strong recovery after last week's selling pressure.
Chip and artificial intelligence (AI) companies led the gains yesterday, with Broadcom Inc jumping 10% after announcing a partnership with OpenAI to develop custom AI processors, while Nvidia rose 3%.
U.S. Government Shutdown Prolongs, Bank Earnings in Focus
Meanwhile, investors remained cautious ahead of a busy week that marks the start of the third-quarter earnings season and political tensions in Washington.
The U.S. government shutdown, now in its third day, has delayed the release of key economic data, increasing uncertainty ahead of the Federal Reserve's (Fed) policy meeting on Oct. 28-29.
Investors are also looking ahead to quarterly reports from major banks including JPMorgan Chase, Citigroup and Wells Fargo on Tuesday for clues on the broader economic direction.
