U.S. stock markets concluded the week on a positive note, showcasing substantial growth due to recent employment data and fresh signals on trade with China.
Market Performance
The S&P 500 rose by 1.47%, extending its winning streak to nine days, the longest since November 2004. The Nasdaq Composite increased by 1.51%, while the Dow Jones Industrial Average gained 1.39%, or over 570 points.
Signals from China on Trade Talks
China’s Commerce Ministry announced it is evaluating recent U.S. proposals and indicated a willingness to commence formal talks if the U.S. rolls back new tariffs. This statement was viewed as a shift in tone following President Trump's recent announcements.
Investor Sentiment and Market Expectations
Despite the optimism, investors remain cautious. Participants are closely monitoring interest rate changes, with expectations of a rate cut from the Fed. The dollar slightly weakened as Treasury yields rose.
U.S. stock markets are thriving thanks to positive employment data and trade signals from China, but investor sentiment remains cautious amid expectations of monetary policy changes.
