American stock indexes rise ahead of US-China talks

American stock indexes climbed on Wednesday, with Reuters attributing the gains to an upcoming meeting in Switzerland later this week between US Treasury Secretary Scott Bessent, US Trade Representative Jamison Greer, and China's top economic official.

Both the S&P 500 and the Nasdaq Composite gained roughly 1 percent over the past 24 hours, reflecting traders’ renewed optimism after several weeks of uncertainty stemming from President Donald Trump’s global trade policies.

According to statements from the Treasury Department and the Office of the US Trade Representative, Bessent and Greer will travel to Geneva on May 8, where they will also meet with Swiss President Karin Keller-Sutter for broader trade discussions.

The advance follows Tuesday’s pullback, when the S&P 500 and Nasdaq slipped after vague comments from President Trump regarding the timing of potential trade agreements. Market volatility has persisted since the administration announced its first wave of tariffs on April 2, Reuters noted.