Stocks rose slightly today, largely due to newfound optimism for a potential trade deal between China and the U.S. The Dow closed just below flat as the Nasdaq jumped 0.3%. The S&P fell slightly for the fourth straight day.
posted a four-day losing streak on Wednesday — its longest slide since early May — as investors braced for a key meeting between President Donald Trump and Chinese President Xi Jinping later this week.fell 11.40 points to 26,536.82 after rising more than 100 points to start off the session.outperformed, rising 0.3% to 7,909.97 as Micron shares led semiconductor stocks higher. The VanEck Vector Semiconductor ETF climbed nearly 3% as Micron surged more than 13%. Nvidia rose 5.
Bloomberg News also reported, citing sources, that the U.S. was willing to suspend tariffs on $300 billion worth of Chinese goods as the two sides resume trade talks.with where we are now. We're taking in a fortune, and frankly [it's] not a very good thing for China, but it is a good thing for us. " Tuesday said the central bank is assessing whether the U.S. economy is calling for lower rates. However, Powell also said that the Fed will take a wait-and-see approach given how rapid recent economic changes have been.
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