Stock futures are pointing to a sharply higher open for major U.S. indexes on Tuesday as investors react to the latest back-and-forth from the Trump administration on trade.

The S&P 500 is about 6% from record highs, although it has rebounded sharply from April lows as easing trade concerns and tame inflation data spurred a risk-on rally. On the downside, shares of gold miners including Newmont fell about 2% as gold prices slipped more than 1%.

Dow futures rallied more than 400 points, which equates to a gain above 1%. S&P 500 futures added 1.2%, while Nasdaq 100 futures jumped 1.3%. The U.S. stock market was dark on Monday for Memorial Day.

S&P 500 futures are jumping 1.6%. Dow Jones Industrial Average futures are up 1.3%. Nasdaq 100 futures are surging 1.8%. On Friday, the Dow Jones Industrial Average fell 256 points, or 0.61%, to 41603,

Benchmark indices rallied on Friday with the Sensex gaining 769 points to close at 81,721 and the Nifty rising 243 points to end at 24,853. The Nifty Bank gained 457 points to 55,398 while the Nifty Midcap index added 363 points to settle at 56,

Wall Street's roller-coaster ride created by President Donald Trump’s trade policies is whipping back upward on Tuesday, this time because of a delay for his tariffs on the European Union. The S&P 500 leaped 2% in its first trading since Trump said Sunday that the United States will delay a 50% tariff on goods coming from the