FX.co ★ US Stocks Gain Traction on Trump Remarks

US stocks saw an uptick on Wednesday following President Trump's announcement that Iran had approached the US regarding potential negotiations, fueling optimism for a de-escalation in the conflict with Israel. The S&P 500 rose by over 0.5%, while the Dow and Nasdaq 100 gained 0.7%. President Trump remarked that negotiations could still be viable, though he maintained that the US aims for Iran's complete concession. Meanwhile, the Federal Reserve is anticipated to keep interest rates steady, but the upcoming release of the FOMC's new economic projections will offer insights into how members assess inflation risks against growth challenges, amidst ongoing economic uncertainty from tariffs, fiscal issues, and geopolitical tensions. Concurrently, data continues to indicate a slowing labor market, with unemployment claims near their peak levels since the end of 2021. Chip manufacturers experienced gains, driven by Texas Instruments' announcement of a $60 billion investment in domestic facilities and Marvell's positive revision of its data center market outlook.