U.S. Market Reactions to U.S.-China Trade Talks
U.S. stocks saw minimal movement as investors kept a close eye on ongoing trade talks between the U.S. and China. Despite hopes for tariff relief, the Dow Jones Industrial Average saw a negligible decline, while the S&P 500 and Nasdaq rose slightly.
High-level discussions in London featured Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick. National Economic Council Director Kevin Hassett noted that the U.S. seeks commitments from China on critical minerals. If accomplished, rare earth shipments could resume.
semiconductor stocks were especially bullish. Qualcomm rose over 4% after acquiring Alphawave for $2.4 billion, while Advanced Micro Devices and Texas Instruments also climbed more than 4%. nvidia and Alibaba showed gains too, reflecting optimism about U.S.-China relations.
Though, Apple’s shares dipped 1.5% during its Worldwide Developers Conference. The tech giant unveiled a notable iPhone OS redesign, but investors seemed unimpressed.
Analysts await key inflation data this week, starting with the consumer price index on Wednesday. This data could shed light on tariff impacts on prices.
Monday’s market gains follow two consecutive weekly advances, indicating growing investor confidence in a more stable trade environment.
