US Stock Market Live: Dow futures up over 350 points; 10-year yield slides to -0.06%

US stock futures rise as Trump exempts some tech devices from tariffs. Dow futures up 350 points, S&P 500 up 70, Nasdaq up 280. Commerce Secretary Lutnick says exemptions are not permanent.

US Stock Market Live: Futures on Wall Street are looking to start the new trading week on a positive note after the latest round of tariff exemptions for the time being. The Dow futures are up 350 points, while those on the S&P 500 and Nasdaq are up 70 and 280 points, respectively. US President Donald Trump exempted smartphones, computers and other devices and components like semiconductors from reciprocal tariffs on Friday. However, commerce secretary Howard Lutnick later clarified that these exemptions are not permanent, adding to further uncertainty. Trump later said on Truth Social that they are still subject to the existing 20% Fentanyl tariffs, but just moving to another bracket. Asian markets have also opened higher with those in Japan and South Korea gaining up to 2% each. Crude prices are slightly higher, gold is seeing some profit booking, while the US 10-year yield has slid to 0.06%, having jumped to 4.55% once last Friday. Watch this space for all the live updates.