Stock Market Update: Dow Jones and S&P 500 Surge Following Trump's Indications of Easing Tensions with China—Attention on Tesla, Meta, and Other Major 7 Stocks (UPDATED)

U.S. Stock Market Trends: U.S. stock futures rose on Monday after a sell-off, with major indices showing gains in premarket trading, particularly the SPY and QQQ ETFs. President Trump's comments on China contributed to the positive sentiment among the "Magnificent 7" stocks.

Asian Market Decline: Asian markets experienced significant declines, particularly in Hong Kong, where major Chinese technology and auto stocks fell sharply, reflecting broader concerns about economic stability.

Economic Indicators and Predictions: The 10-year Treasury bond yield was at 4.03%, with a high likelihood of the Federal Reserve cutting interest rates in its upcoming meeting. Crescat Capital warned of overvaluation in tech stocks compared to historical bubbles, while economist Justin Wolfers highlighted a disparity in economic performance between AI-driven sectors and others.

Commodity and Cryptocurrency Movements: Crude oil and gold prices saw increases, with crude oil trading at around $60.04 per barrel and gold at approximately $4,071.30 per ounce. Bitcoin also rose by 3.03%, trading at $115,212.40 per coin, amidst a mixed performance in global markets.