US futures have seen strong increases before the opening of the official session. NASDAQ leads the rally. The indexes are rising due to Trump's refusal to impose tariffs on Mexican commodities and expectations for interest rate cuts by the Fed.
The DOW rally will be for the seventh consecutive day. This will be the best series of the index since May 2018. The S & P500 is up 2.3% in the pre-market.
Shares of major technology companies like Facebook and Apple are up by more than 1%. Amazon, Netflix and Alphabet also open much higher.
In addition to mitigating tensions between the United States and Mexico, sentiment among investors is also raised because of the Fed's expectations of lowering interest rates.
This probability only increased due to worse economic data than last month. The labor market is slowing down as well as production activity.
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