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At the close of the last regular session, U.S. stock indices ended higher. The S&P 500 rose by 2.03%, while the Nasdaq 100 gained 2.74%. The Dow Jones Industrial Average increased by 1.23%.
Stocks have now risen for a fourth consecutive day, marking their strongest winning streak in over two months. This rally is driven by easing trade tensions and recent comments from Federal Reserve officials indicating they are prepared to cut interest rates sooner than previously expected.
Asian markets also moved higher, and the yuan recouped losses following reports that China is considering suspending its 125% tariff on certain U.S. goods. South Korea's stock index climbed 1%, while Japan's surged 2%, supported by positive comments regarding trade talks with the U.S. Gold dropped 1.4%, and the U.S. dollar index strengthened.
Risk appetite is returning as the White House adopts a more conciliatory tone, fueling investor optimism that the U.S. may finalize important trade agreements with major economic partners. This shift could significantly reduce the uncertainty weighing on global economic growth and stimulate multinational corporate activity. The White House's reconciliatory stance is seen as a sign of readiness for dialogue and compromise—positive factors for both equity markets and the U.S. dollar. Investors who were previously concerned about an escalation of trade wars are now showing greater confidence in the stability of global trade and the potential of growth-linked assets.
Another step toward de-escalating the trade conflict raises hopes that the U.S. and China will set aside differences and move toward a more concrete dialogue on tariffs and trade policy.
As previously mentioned, rumors that China is considering suspending some tariffs on American imports helped stock indices rally yesterday. Authorities are reportedly considering removing additional tariffs on medical equipment and certain industrial chemicals.
President Trump also stated yesterday that his administration is engaged in negotiations with China—this despite previous denials from Beijing and its demand that the U.S. lift all unilateral tariffs. It is expected that the U.S. and South Korea could reach a trade agreement as early as next week, according to Treasury Secretary Scott Bessent.
Technical Outlook for the S&P 500
Today, the main target for buyers will be to break through the nearest resistance at $5520. Achieving this would support further gains and pave the way for a push toward $5552. An equally important task will be holding above $5586, which would further strengthen bullish momentum.
In case of a downward move driven by declining risk appetite, buyers must defend support around $5483. A break below this level would quickly push the index back to $5443 and potentially open the door to $5399.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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