US Stock Market predictions: S&P 500, Dow Jones, Nasdaq eye US-China trade talks

US stock market is set to have another volatile week as S&P 500, Dow Jones, and Nasdaq investors are awaiting the outcome of the crucial US-China trade talks.The S&P 500 slipped 0.1 per cent Friday and wound up with a loss of 0.5 per cent for the week. The Dow Jones Industrial Average fell 0.3 per cent, and the Nasdaq composite was little changed.
This week’s main event is likely coming on Saturday, when trading will be closed in financial markets. That’s when high-level U.S. and Chinese officials will meet in Switzerland for their first talks since Trump launched an escalating trade war between the world’s two largest economies. The fear among investors and economists is that a recession could hit if the United States doesn’t reach trade deals that lower its tariffs by enough and quickly enough, as per an AP report.
Trump on Friday floated the idea of bringing tariffs on Chinese imports down to 80 per cent from their current 145 per cent rate, but he said it’ll be up to Treasury Secretary Scott Bessent, who will be in Switzerland. While 80 per cent would indeed be a reduction, it would still be high, and Trump’s posting on social media caused a brief jolt in financial markets. Futures for U.S. stocks sank immediately, AP reported.

FAQs

Q1. Which are key indexes of US Stock Market?
A1. Key indexes of US Stock Market are S&P 500, Dow Jones, and Nasdaq.Q2. Who is President of USA?
A2. President of USA is Donald Trump.