S&P 500 rallies on easing US-China trade tensions and tech sector leadership - London Business News | Londonlovesbusiness.com
Briefly

The S&P 500's recent gain of 1.85% marks a two-week recovery driven by improving U.S.-China trade relations and strong performances from tech stocks like Nvidia and Tesla. Both nations show willingness to engage in negotiations, easing market fears. However, core trade issues remain unresolved, affecting corporate earnings; Apple's recent earnings indicated sales declines in China due to geopolitical tensions. The continuing optimism may be fragile, with the potential for renewed market pressure unless substantial diplomatic progress is made between the U.S. and China.
The U.S. expressed an interest in reopening dialogue to avoid further escalation, while Beijing signaled it was ready to engage in 'constructive' discussions.
Although Apple beat profit expectations, it recorded a significant decline in sales in China, reflecting the real impact of geopolitical uncertainty and trade barriers.
Read at London Business News | Londonlovesbusiness.com
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