Things to Know Before the U.S. Stock Market Opens

? Things to Know Before the U.S. Stock Market Opens

U.S. stock futures are sharply higher this morning as markets react to President Trump’s delay of European Union (EU) tariffs. Meanwhile, Tesla reports another slump in EU sales, Trump Media plans a major crypto move, and investors await today’s consumer confidence data. Here's what you need to know:

1. U.S. Stock Futures Rally on EU Tariff Delay
Markets are rebounding after President Trump postponed the implementation of new EU import tariffs to July 9, easing investor concerns.

• Nasdaq futures: +1.6%

• S&P 500 futures: +1.5%

• Dow futures: +1.3%

• Bitcoin (BTC): Slightly up at ~$109,500

• Gold & 10-year Treasury yields: Lower

• Oil: Mostly flat

2. Trump Delays EU Tariffs to July 9
The tariffs, initially scheduled for June 1, had rattled markets last week. Trump announced the delay via Truth Social, noting that the EU is ready to resume trade negotiations. EU Commission President Ursula von der Leyen echoed his sentiment, saying talks would begin "swiftly and decisively."

3. Tesla EU Sales Slide for Fourth Month
Tesla (TSLA) continues to struggle in Europe.

• April EU sales: Down 53% YoY to 5,475 units

• 2025 YTD sales: Down 46%
  This drop comes despite a 34% rise in overall EU battery-electric vehicle (BEV) sales. Tesla shares are up 2% premarket, lifted by the broader rally.

4. Trump Media Reportedly Seeking $3B for Crypto Investments
Trump Media & Technology Group (DJT) is reportedly planning to raise $3 billion to invest in cryptocurrencies.

• $2B via equity

• $1B through convertible bonds
  Following the report, DJT shares jumped nearly 9% in premarket trading.

5. May Consumer Confidence Report Coming Today
The May consumer confidence report will be released at 10 a.m. ET.

• Forecast: 86.0, unchanged from April
  Tariff-related concerns and inflation fears have kept sentiment fragile in recent months.