US Markets Today: S&P 500, Dow Jones Rise As US-China Trade Talks Progress

Wall Street got some momentum on Tuesday as talks between the US and China proceeded to a second day in London, lending hopes for a truce in the bruising trade war.

The S&P 500 rose 0.23% to 6,020 points, while the 30-stock Dow Jones Industrial Average was flat around 42,760. The tech-heavy Nasdaq Composite was up 0.33% at 19,655.

The teams led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng reconvened in London. US Commerce Secretary Howard Lutnick told the media that the talks are going well and are expected to continue all day, Bloomberg reported.

Hopes that President Donald Trump will lower his tariffs after reaching trade deals with countries around the world have powered the S&P 500’s nearly 21% rally since the lows hit in April.

Seven of the 11 sectoral indices on the S&P 500 were trading in the green, led by energy and telecom. Industrials and utilities saw declines.

The S&P 500 and Nasdaq posted slight gains on Monday, while the Dow ended marginally below the flatline.