24H | Nasdaq Futures Gain 0.85%; Big Techs Jump With AMD, Micron up over 2%; SMCI, Nvidia, \Broadcom, Oracle, Tesla up over 1%

U.S. stock futures jumped on Monday. Nasdaq futures gained 0.85%; S&P futures rose 0.66%; Dow futures up 0.5%.

Big tech stocks jumped in overnight trading. AMD, Micron up over 2%; Super Micro, Nvidia, TSMC, Broadcom, Oracle, Tesla up over 1%.

Top Chinese and U.S. economic officials on Sunday hashed out the framework of a trade deal for U.S. President Donald Trump and Chinese President Xi Jinping to decide on later this week that would pause steeper American tariffs and Chinese rare earths export controls, U.S. officials said.

U.S. Treasury Secretary Scott Bessent said talks on the sidelines of the ASEAN Summit in Kuala Lumpur had eliminated the threat of Trump's 100% tariffs on Chinese imports starting November 1. Bessent also said he expects China to delay implementation of its rare earth minerals and magnets licensing regime by a year while the policy is reconsidered.