U.S. stock index futures rose strongly Monday, boosted by reports indicating that upcoming U.S. trade tariffs will be narrower and less strict than initially feared, helping soothe some concerns over their impact. 

At 06:00 ET (10:00 GMT), Dow Jones Futures climbed 320 points, or 0.8%, S&P 500 Futures rose 53 points, or 0.9%, and Nasdaq 100 Futures gained 230 points, or 1.2%. 

Concerns over the Trump administration’s tariffs have battered Wall Street in recent weeks, with the major indices slumping to six-month lows earlier this month as markets feared that the tariffs will increase inflation, disrupt global trade and dent economic growth. 

U.S. reciprocal duties to be limited 
However, reports from Bloomberg and the Wall Street Journal emerged over the weekend indicating that U.S. President Donald Trump will likely not impose sectoral tariffs next week, and that his plans for reciprocal tariffs will be limited to about 15 countries. 

Trump has repeatedly touted April 2 as “liberation day” for the U.S., and while tariffs against major U.S. trading partners are still expected to weigh on the economy, their lessened scope offered investors some hope that the impact will be minimal.

"Targeted is obviously better than the alternative, but the trade changes being envisioned are still substantial, and it’s likely they will have negative effects on the economy and corporate profits, at least in the near and medium term," analysts at Vital Knowledge said in a note to clients.