US stock markets set for a solid start to the week. Tesla set to jump again

We got some good news on US-China talks today with a deal on TikTok and a planned Trump-Xi fall for Friday. S&P 500 futures are up 20 points, or 0.3% after a flat finish on Friday.

The soft NY Fed manufacturing survey certainly didn’t hurt the mood as market participants see it more of a sign of rate cuts than a looming recession.

The big pre-market gainer is Tesla, which is up 7% after Elon Musk disclosed that he purchased $1 billion in the open market, his largest buy ever. I have been touting the technical breakout in Tesla since late last week.

This article was written by Adam Button at investinglive.com.