Stocks recovered from early losses due to middle east tensions, to finish slightly higher, underpinned by an Oracle-led rally in big tech and further signs of cooling inflation.
Stocks snapped a three-day winning streak despite slowing inflation stoked bets on Federal Reserve rate cuts just as US President Donald Trump “confirmed” that his administration had struck a trade deal with China, albeit without any confirmation from China
Stocks edged higher overnight on rising hopes for a U.S.-China trade deal after U.S. Commerce Secretary Howard Lutnick said the second-day of trade talks between the two nations were “going well.”.
Stocks squeezed out a small gain as the US/China trade talks started a positive footing, while markets and financial media completely ignored that active marines joined the national guard in Los Angeles to combat riots.