Today, U.S. stock indices showed an upward trend due to news of renewed trade talks with China, although the tech sector faced challenges.
Stock Index Performance
On May 7, the Dow Jones surged by 377 points, or 0.92%, while the S&P 500 increased by 0.42%. The Nasdaq, however, experienced a modest rise of 0.07% after a sharp decline of 200 points earlier in the day.
Google's Share Decline
Google shares fell significantly by 8.11% following reports that Apple is planning to shift its Safari browser's focus to AI-driven engines. Investors are concerned that this move could threaten Google's search revenue. Additionally, Apple shares were down 1.46%.
U.S.-China Negotiations
The revival of trade talks between the U.S. and China has been a key factor supporting the rise in stock indices. Negotiations concerning the 145% tariff rate on Chinese goods are reportedly set to take place this week. However, any agreement may take several months.
Despite the decline in shares of major tech companies, the market reacted positively to the news of trade talks between the two countries.
