US stock futures were indicating further increases in Thursday's trading after the major indices experienced a significant surge following President Trump's decision to temporarily halt many of the proposed tariff increases on trading partners.

Futures linked to the S&P 500 saw a 0.3% rise, while Nasdaq futures went up by 0.1%. Dow Jones Industrial Average futures increased by 0.4%.

Stocks were amidst one of their most notable one-day rallies since World War II. The S&P 500 had its best day since 2008, climbing by 9.5%. The Dow surged nearly 3,000 points, while the Nasdaq Composite recorded its second-highest single-day gain in history.

The market saw a positive reaction following Trump's announcement of a temporary suspension of reciprocal tariffs on other nations for 90 days. Trump acknowledged the positive response from the stock and bond markets as a contributing factor to his decision, although the 10-year Treasury yield remained high at around 4.4% post-announcement.

Despite this positive development, Trump intensified the trade conflict with China by raising levies on imports to 125%. Other aspects of his trade policy, such as a 10% baseline tariff on most trading partners, 25% tariffs on steel and aluminum imports, and 25% tariffs on auto imports, continue to be in effect.

There are concerns among economists regarding potential consequences, including increased prices and slower economic growth. Investors will be watching the release of March's Consumer Price Index on Thursday for insights on the inflation situation before the implementation of tariffs.