Dow, S&P 500, Nasdaq Futures Climb Ahead Of Key China Summit: CRML, APLD, GME, AMD Stocks In Focus

U.S. stock futures traded higher in the overnight session late Sunday ahead of a key summit this week between President Donald Trump and Chinese President Xi Jinping, expected to take place in Washington.

Dow futures climbed 0.27%, while the S&P 500 gained 0.34%, and the Nasdaq-100 edged 0.54% higher at 10:03 PM EDT.

On Friday, the Dow Jones Industrial Average declined 0.18% at close. Meanwhile, the S&P 500 index and the Nasdaq-100 climbed 0.17% and 0.67% at close.

Meanwhile, the benchmark indexes were mixed last week. The Dow closed down 1.69%, extending to three consecutive weeks of declines. The S&P 500 also fell 0.08% in the same time, while the Nasdaq Composite edged up 0.72%.

Last week, U.S. markets were primarily focused on the Federal Reserve’s 25 basis point benchmark rate hike to a range of 3.75% to 4.00%, its first hike in over three and a half years.

Meanwhile, long-dated Treasury Yields climbed higher over the weekend after briefly cooling following the Fed’s rate hike decision. The U.S. 10-year Treasury yield was trading at 5% at the time of writing, while the U.S. 30-year Treasury yield was trading at 5.328%.

This week, the market is turning its attention to an important summit between the U.S. and China, where the leaders of both countries are expected to discuss tariffs, critical minerals, artificial intelligence and other economic issues. The U.S.-China trade truce is set to expire in early November.

U.S. Treasury Secretary Scott Bessent is also expected to meet Chinese Vice Premier He Lifeng ahead of the visit.

“Don’t expect too many fireworks, though, because the focus is likely to be an extension of the existing trade truce rather than anything groundbreaking,” Josh Gilbert, lead Asia Pacific analyst for eToro, wrote in a note, according to a Bloomberg report.

Meanwhile, on the geopolitical front, conflict in the Middle East escalated over the weekend after Iran-backed Houthis said they had attacked Saudi Arabia with missiles and drones on Saturday.

Additionally, Houthi advances along the coast have positioned the group near the Bab el-Mandeb Strait, strengthening its ability to influence shipping between the Red Sea and Asia and potentially disrupt or blockade the vital waterway.

Meanwhile, the U.S. Central Command said in a post on X that oil and gas shipments through the Strait of Hormuz hit a six-month high over the weekend, with thousands of vessels safely passing through the critical waterway.