07:35 AM EDT, 10/27/2025 (MT Newswires) -- The benchmark US stock measures were tracking in the green before the opening bell Monday as President Donald Trump signaled an imminent trade deal with China, while investors await a major policy decision by the Federal Reserve and big tech earnings later in the week.

The S&P 500 rose 0.8%, the Dow Jones Industrial Average increased 0.6% and the Nasdaq added 1.3% in premarket activity. The indexes hit fresh all-time highs on Friday.

Trump reportedly said Monday that the US and China were set to "come away with" a trade agreement ahead of his highly anticipated meeting with Chinese President Xi Jinping in South Korea on Thursday. "I have a lot of respect for President Xi, and we are going to come away with the deal," Trump said aboard Air Force One en route to Japan, according to CNBC.

In an interview with NBC on Sunday, Treasury Secretary Scott Bessent said he reached a "very substantial framework" with Chinese Vice Premier He Lifeng to delay China's rare earths restrictions and avoid 100% US tariffs on Beijing's goods, Reuters reported. The framework will allow Trump and Xi to discuss further trade cooperation on issues including Chinese purchases of US soybeans, according to Bessent.

Meanwhile, the US finalized frameworks on Sunday for trade pacts with Vietnam and Thailand, as well as separate trade agreements with Malaysia and Cambodia, according to statements by the White House.

In a social media post on Saturday, Trump said he will raise duties on Canada by an additional 10% "above what they are paying now," following what he described as a "fraudulent" advertisement by the country referencing former US President Ronald Reagan's remarks on tariffs.

Treasury yields were trending upwards in premarket action, with the two-year rate up 1.7 basis points to 3.5% and the 10-year rate gaining 2.7 basis points to 4.02%.

The Fed's monetary policy committee is scheduled to meet Tuesday, with a decision on interest rates due on Wednesday. Markets are widely expecting the central bank to lower its benchmark lending rate by 25 basis points, according to the CME FedWatch tool.

The policy decision comes amid the ongoing US federal government shutdown, which entered its 27th day on Monday. On Friday, a delayed report by the Bureau of Labor Statistics showed that consumer prices grew less than expected in September, while core inflation surprisingly ticked down, reinforcing expectations for another interest rate cut this week.

Monday's thin economic calendar has the Dallas Fed manufacturing survey for October at 10:30 am ET.

Technology giants Microsoft ( MSFT ) , Apple ( AAPL ) , Alphabet (GOOG, GOOGL), Amazon.com ( AMZN ) and Meta Platforms ( META ) are scheduled to release their latest financial results later this week. Keurig Dr Pepper ( KDP ) , Revvity ( RVTY ) and Bank of Hawaii ( BOH ) post earnings before the bell Monday, while Cadence Design Systems ( CDNS ) , NXP Semiconductors ( NXPI ) and Nucor ( NUE ) announce their financial statements after the markets close.

Advanced Micro Devices ( AMD ) inclined 2.4% pre-bell after closing Friday with a 7.6% jump, while Nvidia ( NVDA ) grew 2.6%. Novartis' ( NVS ) US-listed shares were down 1.3% after the Swiss pharmaceutical company agreed to acquire Avidity Biosciences (RNA) in a $12 billion deal.

West Texas Intermediate crude oil decreased 0.8% to $61 a barrel before the open. Gold dropped 2.2% to $4,046 per troy ounce, while bitcoin moved 1.7% higher to $115,477.