Futures firm as trade optimism and mega-cap earnings set the tone

U.S. equity futures opened firmer as weekend signals of progress on a Washington–Beijing framework boosted risk appetite ahead of a dense earnings slate. Traders flagged the potential for a relief rotation into cyclicals and supply-chain beneficiaries if specifics on tariffs and export controls materialize. With indices near highs, positioning remains cautious pending guidance from large tech platforms that can sway breadth and factor leadership. Desks are watching whether opening gaps hold above VWAP, along with Treasury term-premium, dollar path and crude’s range for cross-asset confirmation.