S&P futures are pointing to a lower open today, down (0.5%). European equity markets opened weaker with major indices all edging lower, while Asian markets finished Wednesday trading mostly stronger. The recent U.S.-China trade truce has led to a surge in trade activity, with China-to-U.S. freighter bookings doubling in mid-May and Shanghai-LA shipping rates rising 16%, the largest increase in 2025.

Companies Mentioned: Ford Motor, Wolfspeed, RBC Bearings