President Donald Trump's additional 100% tariff on goods from China may not take effect on November 1, as US and Chinese trade representatives say they have agreed on a framework for a trade deal. Michael Nagle/Bloomberg/Getty Images

US stock futures rose Sunday after US and Chinese representatives agreed on a framework for a trade deal, potentially averting a tariff hike to 157% on Chinese goods and as investors expect another interest rate cut from the Federal Reserve.

Dow futures were up 0.65%, S&P 500 futures rose 0.74% and Nasdaq futures climbed 0.92%, as of 6:29 p.m. ET.

The Dow closed above 47,000 for the first time Friday after September’s Consumer Price Index data showed annual inflation had heated up but less than expected. The news boosted expectations that the centra

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