U.S. stock futures rose Monday, rebounding from Friday’s sell-off after President Donald Trump said trade relations with China “will all be fine.” Dow Jones Industrial Average futures jumped by 351 points, or nearly 0.8%. S&P 500 futures and Nasdaq-100 futures climbed 1.2% and 1.8%, respectively. AMD rose more than 3%, while Nvidia climbed more than 2%. Oracle advanced nearly 2% in the premarket. Those moves come after Trump’s Truth Social post on Sunday suggested to investors the president may not follow through on his threat to post a “massive increase of tariffs” on China. That comment on Friday brought the U.S. trade war with China back to the fore, and sent stocks tumbling in a rout that wiped out $2 trillion in market value. “Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment. He doesn’t want Depression for his country, and neither do I,” Trump wrote. “The U.S.A. wants to help China, not hurt it.” Vice President JD Vance echoed those sentiments over the weekend. He told Fox News that the U.S. will negotiate if Beijing is “willing to be reasonable,” though he added that the U.S. has “far more cards” if not. Those comments could encourage investors to return to the market after Friday’s sell-off, especially in technology names that got hit with the worst of the selling. Many tech companies rely on rare earths from China for the manufacture of semiconductors and electric vehicles, among other goods. “The underlying tensions and uncertainty remain,” said Tobin Marcus,  head of U.S. policy at Wolfe Research. “We still don’t think an all-encompassing deal is anywhere close, but this tamps down concerns about the risk of 100% tariffs or disruptive export controls while talks continue.” “Trump seems to be telling investors they can safely buy the dip,” Marcus added. “Given their track record this year of doing so even when it seemed risky, we expect markets will accept this invitation.” All three major averages slid last week, with the Dow losing 2.7%. The S&P 500 fell 2.4% for the period, while the Nasdaq slid 2.5%. The S&P 500′s 2.7% drop on Friday alone was its largest since April, when the stock market was still reeling from the shock of Trump’s initial tariff announcement. Yet other concerns are mounting for the market. The government shutdown is stretching into a new week as a major payrolls deadline looms. Oct. 15 is the next pay date for most federal workers, and possibly the first that many employees will miss. Earnings season will kick off this week with the financials. Citigroup, Goldman Sachs Group, Wells Fargo, JPMorgan Chase, Bank of America and Morgan Stanley are due out with their results Tuesday and Wednesday. A succession of regional banks are also set to post their quarterly results. The bond market was closed Monday due to the Columbus Day holiday. Asia-Pacific markets fell Monday after China and the U.S. tightened trade restrictions and traded fresh accusations, renewing tensions between the world’s two largest economies. Hong Kong’s Hang Seng index declined 2.04%, while mainland China’s CSI 300 closed 0.5% lower at 4,593.98. Australia’s ASX/S&P 200 lost 0.84% to 8,882.80. South Korea’s Kospi closed 0.72% lower at 3,584.55, and the small-cap Kosdaq added 0.12% to 860.49. Singapore’s benchmark index fell as much as 1.18%. India’s Nifty 50 lost 0.29%. Japan markets are closed for the holidays. Oil prices rose on Monday after hitting five-month lows in the previous session, as investors focused on potential talks between the presidents of the United States and China that could ease trade tensions between the world’s two largest economies and oil consumers. Brent crude futures rose 99 cents, or 1.6%, to $63.72 a barrel. U.S. West Texas Intermediate crude was at $59.92 a barrel, up $1.02, or 1.7%. Both contracts lost around 4% on Friday to settle at their lowest since May. Gold prices scaled to another record high on Monday as investors revved up their safe-haven bets after U.S. President Donald Trump renewed tariff threats against China, while expectations of U.S. interest rate cuts added to the metal’s allure. Silver also jumped to an all-time peak, tracking gold’s rally. Spot gold was up 1.64% to a record $4,083.42 per ounce. U.S. gold futures for December delivery surged 2.55% to $4,102.60.