Stock futures jumped early Monday on reports President Donald Trump was planning on holding back some of the tariffs initially planned for April 2, raising hopes the U.S. won’t plunge the globe into an all-out trade war.

Market Snapshot

At 8:23 a.m. ET, Futures tied to the Dow Jones Industrial Average advanced 395 points, or 0.93%. S&P 500 futures added 1.2%, while Nasdaq 100 futures were 1.5% higher. Palantir Technologies Inc. rose 3%; NVIDIA rose 2%.

Pre-Market Movers

Tesla Motors rose 4% in premarket trading to $258.57. While shares of the electric-vehicle maker rose 5.3% on Friday, the gain wasn't enough to prevent the stock from falling for a ninth-straight week. Investors have sent the stock lower over that stretch believing that CEO Elon Musk has spent too much time on his political activities and not on the business of selling cars.

Chinese electric vehicle (EV) maker BYD Co., Ltd. lifted fourth-quarter net profit by 73.1% to a record 15 billion yuan ($2.1 billion), it said on Monday, reaping the rewards from undercutting and outselling its rivals.

MicroStrategy rose 5%. The major Bitcoin investor has lowered the price of its coming preferred stock offering. In a filing Friday, the software company, which now does business under the name Strategy, said it would sell perpetual preferred stock at $85 a share, 15% below the $100 price it originally expected when it filed for the sale earlier this week. The company, however, increased the size of its offering and now will sell 8.5 million shares to net $711.2 million after expenses. Coinbase Global, Inc. rose 4%.

Lockheed Martin declined 2% in premarket trading, extending losses from Friday when shares of the defense contractor slumped nearly 6%. BofA Securities analyst Ronald Epstein downgraded Lockheed shares to Hold from Buy and cut his price target to $485 from $685 after the company lost out to Boeing for the U.S. Air Force's next fighter jet.

DoorDash, Inc. rose 1.6%, TKO Group Holdings was up 1%, Williams-Sonoma gained 1.5%, and EXPAND ENERGY CORPORATION rose 0.3% with the stocks joining the S&P 500 on Monday.

SUPER MICRO COMPUTER INC rose 0.2%. Shares of the maker of artificial-intelligence servers were downgraded to Sell from Neutral by Goldman Sachs and the price target was reduced to $32 from $40. Last week, analysts at J.P. Morgan upgraded Super Micro shares to Neutral from Underweight and boosted their price target to $45 from $35.

Pinterest, Inc. rose 5% after the social media company was upgraded to Buy from Neutral at Guggenheim and the stock's price target was raised to $40 from $39. "We believe that the recent share price pullback creates an attractive opportunity to invest in the still early-stage global user, monetization and profit growth opportunity at Pinterest," the analysts said in a research note.

Market News

Tesla to Roll Out Full Self-Driving in China After Software Approval

Tesla Motors said that it will introduce its Full Self-Driving (FSD) feature in China after obtaining the necessary software approval.

This announcement was made via the company's customer support account on Weibo, in response to reports that a planned free trial of the FSD service had been suspended. The trial was originally scheduled to run from March 17 to April 16.

Such a halt aligns with new rules issued by the Chinese ministry that require regulatory clearance for over-the-air software updates before deployment. These regulations were introduced in late February 2025.

DNA Testing Firm 23andMe Files for Bankruptcy to Sell Itself; CEO Leaves After Failed Bids

23andMe, Inc. on Sunday filed for bankruptcy in the U.S. after struggling with the fallout of a data breach and weak demand for its ancestry testing kits that featured in Oprah Winfrey's annual list of favorite things just eight years ago.

The biotech unicorn has seen a sharp fall in its market value since then. On Monday, its shares fell 42% after co-founder and CEO Anne Wojcicki, who made multiple failed takeover bids, also resigned.