U.S.Stocks Steady as U.S.-China Talks Continue
U.S. stocks remained stable on Tuesday as trade discussions between the U.S. and China resumed in London. The Dow Jones Industrial Average rose by 0.25%, or 105.11 points. The S&P 500 climbed 0.55%, and the Nasdaq saw a 0.63% increase, nearing the 20,000 mark.
Commerce Secretary Howard Lutnick reported that the talks were progressing well. Though, export restrictions are a key topic. The U.S. seeks access to Chinese rare earth materials. China wants easier access to U.S. semiconductors.
Investors watched closely,hoping for a deal. Yet,President Trump cautioned that China is a tough negotiator. This kept the mood cautious on Wall Street. Chinese markets were volatile, showing investor anxiety.
On the economic front,small businesses in the U.S. showed a slight enhancement in May, according to the National Federation of Self-reliant Business. This was the first rise since September, driven by reduced tariff worries and hope for Trump’s tax-and-spending plan.
Though, the World Bank cut its U.S. growth forecast to 1.4% for 2025 due to trade uncertainties.Blackstone plans to invest up to $500 billion in Europe over the next decade, expecting faster growth there.
Investors await Wednesday’s May Consumer Price Index report.It could affect inflation views and future Federal Reserve policies. analysts predict a rise in price pressures.
