Wall Street opened high on Friday, and the main gauge raised fresh records as President Donald Trump and Xi Jinping held talks on a US-China trade standoff.
summary
- On Friday, the stock picked up from a record high at the end of Thursday.
- Dow Jones rose 100 points as Wall Street paid attention to trade talks between President Trump and Xi Jinping.
Dow Jones Industrial Average rose 100 points, the S&P 500 rose to 0.3%, while Nasdaq composite increased by 0.5%.
With stocks increasing, including Nvidia, major US gauges hovered at levels suggesting further rise, allowing the bull to hit its all-time high in a historically bearish month. Cryptocurrency showed signs of continuous cooling.
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Stocks win in Trump XI talk
Wall Street has been winning the majority of the year in a row, overcoming the first wreckage of Trump’s sweeping mutual tariffs in April.
In months that also included fears of inflation and uncertainty about interest rates, stocks still rose to claim a string of record highs, with Thursday’s rise sending the index to new records amid market responses to the Federal Reserve’s decision to cut interest rates.
The S&P 500, Dow and Nasdaq all moved to new records as Trump and XI held discussions about trade and the Tiktok deal that was viewed. In particular, earnings across the stock market also rose to fresh highs, the Russell 2000, a small-cap index.
“I think the drop in rates will probably be the best for the Russell 2000, so I think people should think about diversifying Magazine 7 with it.”
The overall index profit means that the US stock market is poised for a week of victory amid notable events such as the Federal Reserve cuts, NVIDIA’s $5 billion investment in Intel, and Trump talks with XI on US-China trade standoffs.
As Trump recently pointed out ahead of their highly anticipated meeting, the Tiktok deal has also been largely agreed.
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