US equity futures saw gains ahead of a crucial summit between President Donald Trump and China’s Xi Jinping, with officials expressing optimism about the upcoming discussions. Contracts on the S&P 500 Index rose by 0.7% as of 7:46 a.m. in New York. The Nasdaq 100 futures also advanced, climbing by 1.1%.
Leading the gains in the premarket session were Warner Bros. Discovery Inc. and Paramount Skydance Corp. Their rise was attributed to ongoing settlement talks with California officials regarding their deal. This positive momentum in stock futures coincided with a slide in oil prices, contributing to an overall upbeat sentiment in the market.
