The Dow Jones is up over 650 points from last Friday’s close, forming a technical rejection of the 200-day Exponential Moving Average (EMA) and reclaiming the 42,250 level for the third time this month. The major equity index remains down from its most recent highs near the 42,800 region, but momentum favors further upward moves.

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.

Just as investors thought they could take a break from tariff scares, President Trump’s threats of new levies against the EU and Apple threw trade tensions back into focus ahead of a long holiday weekend.

Wall Street returned from the three-day weekend well-rested and armed with yet another tariff retreat from the White House, which helped the stock market snap its four-session skid. The Dow Jones Industrial Average gained 741 points,

Dow Jones futures rose strongly Tuesday morning, along with S&P 500 futures and Nasdaq futures, after President Donald Trump pushed back his planned 50% tariffs on the European Union. Nvidia looms this week,

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the “Greed” zone on Friday. U.S. stocks settled lower on Friday, with the S&P 500 recording losses for the fourth straight session. The Dow Jones index also dipped more than 250 points on Friday.

Apple shares led tech losses, falling 3%, while benchmark Treasury yields slipped as investors sought safer assets.

The markets closed lower Friday after President Trump threatened to impose a 25% tariff on Apple and 50% tariff on the European Union.