
Stocks poised to pad gains after Trump administration eases investor fears
CBSN
Stock futures jumped after President Trump said Tuesday that he has no plans to oust Federal Reserve Chair Jerome Powell and signaled a willingness to ease trade tensions with China.
As of 8 a.m. EST, Dow futures were up 660 points, or 1.7%, signaling another sunny outlook for today's trading. S&P 500 futures rose 122 points, or 2.3% while Nasdaq futures increased 2.7%.
"The ratcheting down of the rhetoric from the White House allowed yesterday's improved demand for U.S. assets to continue at the outset of trading in Asia last night," said John Canavan, lead U.S. stock analyst for Oxford Economics.

This story previously aired on July 3, 2021. It was updated on June 17, 2025. NEWS REPORTS: The brutal murder of the Pelley family … Shot to death in their home Sunday morning … It thrust a small town into the national spotlight ... DET. BOTICH [ interrogation]: So. do you know who killed your mother and father, or your father and stepmother? DET. BOTICH [interrogation]: Did you have anything to do with it? NEWS REPORT: Tuesday lawyers laid out their cases to the jury in opening statements. NEWS REPORT: After calling more than 50 witnesses, prosecutors say all the facts point to Jeff Pelley. NEWS REPORT: The prosecutor started his closing argument letting the jury know it was his burden to prove the case. NEWS REPORT: But now the burden of deciding Jeff Pelley's fate is theirs. NEWS REPORT: One of Pelley's lawyers says his client is under a lot of stress now that the jury has the case.

Former Texas Rep. Blake Farenthold, who left Congress amid sexual harassment allegations, dies at 63
Former Rep. Blake Farenthold, who left Congress amid sexual harassment allegations, has died. He was 63.