The stock market is experiencing upward momentum, with the Nasdaq Composite poised to potentially achieve a sixth consecutive winning session, while the S&P 500 has turned positive for 2025 after recovering its losses. Optimism is driven by trade progress between the U.S. and China and signs that an economic recession is becoming less likely. Additionally, Chime's upcoming IPO on Nasdaq and various deals stemming from President Trump's Saudi Arabia visit signal increased market activity. Costco and Affirm's collaboration on a buy now, pay later option is also notable in market developments.
The Nasdaq Composite is looking to extend its five-day winning streak, while the S&P 500 is now delivering positive returns in 2025 after erasing its deficit.
Trade relief between the U.S. and China has injected optimism into these markets, coupled with growing signs that an economic recession is no longer in the cards.
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