US stock market futures rise as S&P 500 nears record high on Fed rate cut hopes and China trade progress; Dow, Nasdaq rise too as Nike, Nvidia, Palantir surge

US Stock futures rise as hopes for a U.S.-China trade deal lift investor sentiment, pushing the S&P 500 close to its all-time high. President Donald Trump confirmed a new trade framework with China, while Commerce Secretary Howard Lutnick revealed similar deals with 10 key partners are underway. Markets reacted positively, with S&P 500 futures up 0.3% and Nasdaq-100 gaining 0.4%. Rare earth exports and tech restrictions from China are easing, while investors eye U.S. inflation data today. This combination of trade optimism, easing tensions, and strong rebound sets the tone for a potentially record-breaking day on Wall Street.