On Wednesday, US Wall Street stocks rebounded after showing a mixed reaction yesterday as US jobs data was released.
All three major indexes rose as investors digested corporate earnings reports amid tariff tensions and balanced profits in the US market.
The Dow Jones Index rose 0.75%, the S&P 500 increased 0.58% while the technology-focused Nasdaq gained 0.55%.
The rise in the major indexes was also supported by the progress of good negotiations between US President Donald Trump and Chinese President Xi Jinping to resolve the tariff issue between the two world powers.
According to US Treasury Secretary Scott Bessent, talks are underway and he expects the negotiations to not affect the supply chains of both countries.
The Trump administration has reduced the impact of automotive tariffs on foreign parts used in US-made cars, while China has exempted ethane from a 125% tariff on US imports.
Scott also predicted that China could lose 10 million jobs due to tariffs, but noted that there was progress on trade deals with Japan and India.
Investors were pleased with the one-way progress in US-China tariff talks and remained wary of a US economic slowdown due to Trump's tariffs.
In particular, US stock market trading volume recorded $20.2 billion compared to an average of $19.46 billion over the full 20 trading days.
