US President Donald Trump’s announcement over the holiday weekend that he would delay a planned 50% tariff on the European Union lifted sentiment on the Wall Street with key indices settling near day’s high and all sectors settling in the green.

The Nasdaq is seen rising by more than 2%, while the S&P 500 index is set to rally by about 1.7% amid hopes of a de-escalation of global tariff tensions. IG Index futures show the FTSE 100 index rising by about 0.7% to 8790, having fallen by 0.6% in yesterday’s session.

Here's what you need to know about the stock market and whether it is open or closed on Memorial Day this year.

Shares in chipmaker giant Nvidia rose 4 per cent in extended trading on Wall Street. ASX futures point to a modest gain at the open despite Wall Street, Europe in the red. Follow live.

US stocks fell as Trump targets Apple and EU with tariffs. Dow Jones dropped 181 points, S&P 500 and Nasdaq also fell. Apple shares declined over 2%.

The Dow and other major indexes acted strongly Tuesday. An AI stock rallied while Nvidia rose ahead of earnings on the stock market today.

Indian benchmark indices opened lower on Tuesday, following weak cues from the US and Asian markets, with financial and IT stocks witnessing selling pressure.

Trump’s tariffs and the trade war continue to impact global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.