Upcoming US-China negotiations fuel rise in S&P 500 index — Reuters

The US stock market gained momentum at the end of yesterday's trading session, buoyed by upcoming trade talks between American and Chinese leaders, as well as Nvidia's positive first-quarter earnings report.

On Monday, the White House expressed its willingness to discuss trade relations with China in a meeting scheduled for this week. However, just a few days earlier, the US president accused the Asian country of violating trade rules, Reuters reports.

The United States is actively engaging in negotiations with several key partners, including Japan, the United Kingdom, and the European Union. The likelihood of a favorable outcome from these talks is boosting investor confidence in the US economy resilience, the news agency adds.

Additional support came from Nvidia and other chipmakers' positive first-quarter reports, reinforcing market optimism that the US might avoid a recession, according to Chris Zaccarelli of Northlight Asset Management.

In May, the easing of Trump's tariff policy already had a positive impact on the US stock market. Last month, the S&P 500 index recorded its biggest gain since November 2023.