Wall Street Ends Higher After US, China Talks
(MENAFN) The New York Stock Exchange concluded Tuesday’s session with upward movement, coinciding with the end of the third phase of trade discussions between the globe’s two foremost economies, which took place in Sweden.
U.S. President Donald Trump stated he would receive a detailed update on the negotiations the following day.
Despite the general market optimism, the Dow Jones Industrial Average dipped 0.46%, equating to a decrease of 204.57 points, settling at 44,632.99.
The Nasdaq Composite declined by 0.38%, or 80.29 points, ending at 21,098.29. Likewise, the S&P 500 retreated by 0.3%, losing 18.91 points to finish at 6,370.86.
In the aftermath of the diplomatic engagements, Trump described the dialogue between American and Chinese officials as constructive.
He also reiterated that a meeting with Chinese President Xi Jinping is expected to occur within the year.
Speaking aboard Air Force One, Trump referenced the two-day exchange in Sweden between U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng.
He noted that Bessent "had a very good meeting with China."
"They are going to brief me tomorrow. We'll either approve it or not," Trump remarked, while emphasizing that Bessent "felt very good about the meeting, better than he felt yesterday."
Trump went on to affirm plans to meet with President Xi soon, stating the Chinese leader "wants to meet."
"And I look forward to the meeting too, but I would say before the end of the year," he concluded, as he returned to the United States from a trip to Scotland.
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