U.S. stocks were poised to rally on Monday, with Dow futures up over 500 points after the U.S. and China agreed to call a truce to their trade war over the weekend, triggering relief buying of perceived riskier assets such as equities.
Oil prices climbed nearly 5%, while the dollar tumbled.
Dow Jones Industrial Average futures soared 539 points, or 2%, to 26,077. S&P 500 futures jumped 53.95 points, or 2%, to 2,812.25. Nasdaq-100 futures saw even bigger gains, up 176 points, or 2.5%, to 7,125.50.