US Stock Market Today: S&P 500 and NASDAQ Rise 0.5%, as Markets Focus on Earnings and Trade Developments
Markets found additional support from easing trade tensions between the United States and China. Treasury Secretary Scott Bessent said relations with Beijing had “de-escalated,” and both nations plan to resume talks in Malaysia. President Trump also signaled a softer stance on tariffs, raising hopes that the proposed 100% levy on Chinese imports scheduled for November may not proceed.
Global equity markets mirrored the upbeat tone. The Stoxx Europe 600 and MSCI World Index both advanced 0.9%. In currencies, the dollar edged slightly higher, while the yen weakened against the greenback. Bond yields fell modestly, with the US 10-year Treasury yield slipping to 4.00%.
Bitcoin surged 2% to trade above $111,000, while gold prices rose 1.5% to $4,316.40 per ounce. Oil prices declined 0.8% as West Texas Intermediate crude traded at $57.08 a barrel.
Overall, investor sentiment strengthened as strong earnings and reduced geopolitical tensions outweighed concerns about the government shutdown and delayed inflation data.