Wall Street Surges as Trump Calms China Tariff Fears

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•  13 Oct 2025
 

•   ABT  
   
  -0.78%
•   ALB  
   
  +7.21%
•   AMD  
   
  +0.77%
•   ASML  
   
  +5.18%
•   AXP  
   
  +2.17%

Futures are signaling strong gains on Wall Street today as investors breathe a sigh of relief following President Trump's reassuring message about trade tensions with China. The Nasdaq futures are climbing 1.6%, while the S&P 500 futures are up 1.1% and the Dow is advancing 0.8%, reversing Friday's sharp selloff that came after Trump threatened 100% tariffs on China over rare earth mineral export restrictions.

Trump's brief but calming statement posted last night simply said everything will be fine, and that short message is driving today's recovery. The bounce back is particularly pronounced in technology and rare earth mineral stocks that took a beating at the end of last week. $NVDA is gaining 3.4% and $AMD is adding 4.2% in premarket trading after plunging 4.9% and 7.7% respectively on Friday amid renewed trade war concerns.

The star performer today is rare earth mining company $MP, which is rocketing 10% higher in early trading on top of Friday's 8.4% gain. The stock is now trading at a record high of $78.30 and has posted an astounding 402% surge since the beginning of the year. The catalyst behind these massive gains is a significant investment from the U.S. Department of Defense as part of efforts to secure American independence in accessing rare earth elements. MP Materials produces neodymium and praseodymium oxides, which are critical components in magnets used for high-tech products like electric vehicles and F-35 fighter jets. This is shaping up to be the best year in the company's history.

Other stocks in the rare earth sector are catching strong tailwinds as well. USA Rare Earth is jumping 22%, Ramaco Resources is climbing 6.1%, and lithium miner $ALB is adding 6.1% as investors pile into companies that could benefit from reduced dependence on Chinese mineral supplies.

$TSLA is attempting to get back on track with a 2.7% gain after Friday's 5.1% drop. The electric vehicle maker launched new, more affordable versions of its Model 3 and Model Y this week priced under $40,000, trying to boost sales that have been hurt by increasing competition and political concerns in Europe.

Chinese technology stocks trading in the U.S. are rebounding sharply. $BABA is surging 4.9% after an 8.5% plunge on Friday, $BIDU is rising 4.2%, and $JD is adding 2.5% as the trade war fears that hammered these names appear to be easing.

Not all companies are enjoying the rally, though. $FAST disappointed with third-quarter earnings of 29 cents per share, a penny below estimates, sending the fastener manufacturer's stock tumbling 3.9%.

The week ahead is packed with quarterly earnings reports from major financial institutions and corporate giants. All the big banks are set to report including $JPM, $WFC, $BAC, $GS, $MS, and $C. Other heavyweights reporting include $BLK, $ASML, $TSM, $AXP, $UAL, $DPZ, $ABT, $SCHW, $ISRG, $IBKR, $BK, $TRV, $CSX, $SLB, and $STT, making this a critical week for assessing corporate health and the direction of the broader market.

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