Wall Street drove higher before markets opened on Monday following a dismal stretch that saw the S&P 500 decline in five out of six days over worries about President Donald Trump’s tariffs. Futures for the S&P 500 rose 0.

Since his inauguration last month, President Trump has been relatively muted about the stock market. Investors are getting worried about an impending sell-off.

From China’s artificial-intelligence successes to Dubai’s immigrant-led boom and rising prospects of debt restructuring in Venezuela and Lebanon, the winning emerging-market trades of 2025 all help investors withstand President Donald Trump’s trade agenda.

Investors have been trying to pinpoint the potential winners and losers for weeks. They are ditching risky corners of the stock market for areas perceived as more insulated from Trump’s trade salvos.

The latest stumble for the U.S. stock market has helped inspire renewed chatter on Wall Street about where the "Trump put" might lie, as [MarketWatch reported on Thursday.](

Currency markets are increasingly dismissive of Donald Trump’s tariff threats, raising the risk of big swings if the US president follows through on his promise to hit China, Canada and Mexico with levies next week.

Trump cares about the stock market” but “if the market doesn't see Trump moving towards more market-friendly policies, the level of trust could continue eroding,” according to Bank of America.