S&P 500 Little Changed as Markets Get Little Detail on US-China Talks – US Market Wrap

Wall Street traders glued to their screens as US-China commercial talks progressed, sending stocks slightly higher, with officials hinting at progress. Bonds recovered from Friday’s selloff as inflation expectations eased. The dollar fell.

Equities rose for the second day in a row, with the S&P 500 off nearly 2% from its February high. Big tech led Monday’s gains, with Tesla Inc. up about 4.5%. Apple Inc. fell more than 1% after failing to demonstrate any significant advances in artificial intelligence at a conference. Long-term bonds underperformed as investors braced for Thursday’s $22 billion sale of 30-year debt, the latest test of demand for the securities.

US Commerce Secretary Lutnick described discussions between Washington and Beijing as “fruitful,” while Treasury Secretary Bessent cited a “good meeting.” “We’re doing well with China.” “China is not easy,” Trump told reporters at the White House on Monday. “I’m only getting good reports.”

Trade talks between the United States and China will continue for a second day, according to a US official, as the two countries seek to ease tensions over technology and rare earth element shipments. The advisers will meet again on Tuesday at 10 AM in the British capital, according to the official (05:00 ET).