FX.co ★ US Stocks Rise, US-China Talks Awaited

On Friday, U.S. stock markets experienced an uptick, with the S&P 500 increasing by 0.4%, the Nasdaq advancing by 0.6%, and the Dow Jones rising by approximately 110 points. This performance was attributed to investors assessing potential signals of reduced global trade tensions. President Trump commented that an 80% tariff on China "seems right" ahead of trade negotiations scheduled for this weekend in Switzerland, involving U.S. Treasury Secretary Scott Bessent and Chinese officials. Prior indications suggested the tariff might be lowered to under 60%. Among the sectors, energy and consumer discretionary led the gains, while consumer staples lagged. Corporate earnings continued to capture attention; Pinterest shares soared over 7% after exceeding expectations in revenue and user growth. Similarly, Lyft saw a near 17% increase following a strong report on gross bookings, whereas Coinbase modestly declined by about 1.2% after recording a profit decrease. Over the week, the S&P 500 fell by 0.4%, the Nasdaq dropped by 0.3%, and the Dow Jones gained a slight 0.1%.