U.S. stock futures are higher after a rally on trade deals, but some megacap tech companies are due to report quarterly results and could swing sentiment.

News 3 reached out to Spanberger's opponent, Republican nominee Lt. Gov. Winsome Earle-Sears, for a response to this announcement. The initiative was called "an arsonist's plan on fire safety." In Earle-Sears' press release, Spanberger is blamed for "rising prices, crippling regulations, and the worst inflation in 40 years."

Banking software group Temenos' chief financial officer said on Wednesday "wobbles" over U.S. tariffs that caused deals to be delayed in the first quarter are over, as the company reported second-quarter results that beat analyst expectations.

White House National Economic Council director Kevin Hassett said Sunday that "rough outlines of the deals are becoming clear" ahead of a key tariff deadline this week.

April 9: Trump's higher "reciprocal tariffs" begin just after midnight. Hours later, the president says he is issuing a 90-day pause on those duties, except for China. Trump raises tariffs on Chinese goods from 104% to 145%, the highest rate so far this year.

U.S. and Chinese officials will meet in Stockholm next week to discuss an extension to the deadline for negotiating a trade deal, U.S. Treasury Secretary Scott Bessent said on Tuesday as President Donald Trump announced a deal with the Philippines and released terms of a previous deal with Indonesia.

Treasury Secretary Scott Bessent on Tuesday said the Aug. 1 date set by President Trump for tariffs to hit countries that fail to negotiate deals with the U.S. is a “hard deadline.”

The Treasury secretary and Commerce Sec. Howard Lutnick both seem to view Aug. 1’s steep tariffs as added leverage in talks that will continue past that date.