US Wall Street stocks rose after recording similar movements yesterday.
Major indexes rose, driven by the US and China agreement to stop the tariff war issue for a period of 90 days.
The Dow Jones Index rose 0.32%, the S&P 500 rose 0.09%, while the technology-focused Nasdaq rose 0.02%.
Negotiations went well after US Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent met with China's top economic officials to discuss the US-China trade war issue.
The US government agreed to lower tariffs on Chinese imports to 30% from 145%, while the Republic of China reduced duties on US imports from 125% to 10%.
Investors were also pleased after Beijing and Washington reconciled following the protracted tariff conflict between the two countries.
However, the market is on alert as there are several signs that negotiations are about to get tense again.
Subsequently, Moody's agency acted to lower the US credit rating to 'AA1' from 'AAA' since 1919, thus ensuring that US treasury yields will be higher.
The move was made due to concerns about the $36 trillion debt that is expected to expand due to US President Donald Trump's tax cut plan.
However, the Trump administration criticized the cuts made by the firms involved and emphasized various efforts that will be implemented to be able to reduce government debt and spending.
In particular, the trading volume of the US stock exchange recorded $19.41 billion compared to an average of $17.34 billion for 20 full trading days.
