Stock futures were higher Wednesday as Wall Street looked to extend a strong start to the week that pushed the benchmark S&P 500 into the green for the year. Futures tied to the broad market index added 0.2%, while Nasdaq-100 futures gained 0.3%. Dow Jones Industrial Average climbed 84 points, or 0.2%. Technology stocks continued to lead the broader market rebound. Shares of Nvidia advanced about 3%, following news that it would send Saudi Arabia 18,000 of its top artificial intelligence chips. Peer chip stock AMD also rose more than 3%. Investors are showing signs of increased appetite for risk assets after the U.S. and China temporarily slashed tariffs on a wide array of goods. The U.S. agreed to cut tariffs on China to 30% earlier this week, while China also said it would cut its own levies to 10% on U.S. imports. At one point, President Donald Trump hit China with a 145% levy, while Beijing responded with a 125% reciprocal tariff. The cooling of trade tensions between the world’s biggest economies has given Wall Street a short-term reprieve that investors hope will eventually yield a more concrete trade agreement. China and the U.S. have not yet agreed to specific terms for a deal, however, and Trump said this week that a final agreement wouldn’t happen quickly. Still, the news has calmed nerves for investors that were worried the rising tensions would push the U.S., and the rest of the globe, into a recession in 2025. Trump’s trade war pressured U.S. equities, with the S&P 500 at one point contending with a decline of more than 17% on the year. With the benchmark now in positive territory, the hope is that stocks can extend gains as trade talks progress. “It’s a big risk-on sentiment at the moment. … While the structural issues between [the U.S. and China] remain unresolved, I think the signal is quite clear that neither side wants to push trade tensions further,” said Lale Akoner, global market analyst at eToro. The move in futures comes after a broadly positive day on Wall Street. The S&P 500 rose 0.7%, while the Nasdaq Composite climbed 1.6% for its fifth straight positive session. The Dow fell 0.6%, weighed down by UnitedHealth, but is still up on the week. The latest leg of the market rebound has seen blue-chip stocks build solid winning streaks. Apple has risen in four back-to-back sessions, while Amazon has notched five straight positive days. Outside of technology, Goldman Sachs has also climbed in five consecutive sessions, while Disney’s winning streak has hit six days. U.S. Treasury yields inched lower on Wednesday as investors assessed the state of the U.S. economy amid a tame inflation report and a U.S.-China trade agreement. The 10-year Treasury yield was down over 4 basis points at 4.457%, while the 2-year Treasury yield fell 2 basis point to 3.996%. Asia-Pacific markets were mostly higher Wednesday as investors assess U.S.-China trade talk, after key Wall Street benchmarks rose on easing trade tensions between the two global economic superpowers. Japan’s benchmark Nikkei 225 slipped 0.14% to close at 38,128.13 giving up gains after four consecutive positive sessions. South Korea’s Kospi rose 1.23% to close at 2,640.57. Australia’s benchmark S&P/ASX 200 was up 0.13% to close at 8,279.6. Hong Kong’s Hang Seng Index rose 2.3% to close at 23,640.65 while mainland China’s CSI 300 rose 1.21% to close at 3,943.21. Crude oil futures climbed about 3% on Tuesday, lifted by a temporary cut in U.S.-China tariffs and a better than expected inflation report. Brent crude futures rose $1.67, or 2.57%, to close at $66.63 a barrel. U.S. West Texas Intermediate (WTI) crude gained $1.72, or 2.78%, to settle at $63.67. The two benchmarks rose by about 4% or more in the previous session after the U.S. and China agreed on sharp reductions to tariffs for at least 90 days, which also boosted Wall Street stocks and the dollar. Gold prices fell on Wednesday as easing U.S.-China trade tensions soothed fears of a potential global recession, boosting investors’ appetite for risk and weighing on bullion’s safe-haven appeal. Spot gold fell 0.5% to $3,231.08 an ounce. Prices scaled a record high of $3,500.05 last month amid elevated trade war fears. U.S. gold futures eased 0.4% to $3,234.70.