Dow Jones Industrial Average rose by ~0.2%, while the S&P 500 and Nasdaq Composite each climbed around 0.3%—driven largely by tech sector gains and hopes for U.S.–China trade progress m.economictimes.cominvestopedia.com.
As of early Tuesday afternoon:
Dow ≈ +0.2%
S&P 500 ≈ +0.3%
Nasdaq ≈ +0.3% apnews.comen.wikipedia.org.
The second day of negotiations in London is underway, with U.S. Commerce Secretary Howard Lutnick describing the talks as "going well," easing trade-related uncertainties .
Markets are hopeful for tariff relief on rare-earth minerals and semiconductors, though no official deal has been announced theguardian.com.
💼 Key drivers and sector moves
Technology & semiconductors:
Boosted by gains in Tesla (up ~2–4%) and chipmakers like Qualcomm, AMD, and TSMC, as traders anticipate easing export restrictions reuters.com.
Treasury yields & commodities:
The 10‑year Treasury yield eased slightly to ~4.45–4.5%, while oil prices hovered around $65–66/barrel wsj.cominvestors.com.
Volatility drivers:
Investors remain on edge awaiting May CPI data (due Wednesday) and final outcomes from trade talks .
The market’s modest bounce reflects cautious optimism—a relief rally from April’s tariff-induced selloff, but tempered by lingering uncertainty apnews.com.
A positive trade breakthrough could provide sustained upward momentum for equities.
The upcoming inflation report may heavily influence the Federal Reserve’s next move, injecting potential volatility.
U.S. stocks are modestly higher amid cautiously favorable U.S.–China trade talks and tech-led gains. However, clarity on tariff concessions and May CPI data could determine if this rally has real legs—or is just a pause in prolonged volatility.