S&P 500 rises amid US-China trade talks

US stocks rose on Monday amid optimism over trade talks between the US and China. The S&P 500 gained 0.1%, inching closer to its all-time high, boosted by Amazon and Alphabet shares climbing more than 1%, Yahoo Finance reports.

According to US President Donald Trump, trade talks with China are moving forward. However, he acknowledged the challenges of dealing with Beijing. Investors are hoping to regain the momentum seen last May, before relations soured over accusations that both sides failed to keep their promises.

Yahoo Finance notes that markets appear to have moved past April's volatility, which was triggered by new tariffs, while encouraging US jobs data has eased fears of a potential recession in the country.

This week, investors are focused on US inflation figures that could determine the Federal Reserve's next rate move. While policymakers are widely expected to hold borrowing costs steady, market players remain on alert for signs of persistent price pressures in the economy, the website reports.