The New York Stock Exchange started on a strong note amid expectations for a high-level trade negotiation between the United States and China.
As of 9:38 a.m. Eastern Time on the 10th, the Dow Jones Industrial Average at the New York Stock Exchange (NYSE) has recorded an increase of 6.58 points (0.02%) to 42,768.34 compared to the previous trading day. The S&P 500 index rose by 10.52 points (0.18%) to 6,016.40, while the tech-heavy Nasdaq index moved up 33.88 points (0.17%) to 19,625.12.
Investors are paying close attention to whether the two countries can reach an agreement without additional tariffs in the ongoing U.S.-China trade negotiations in London, which have lasted for two days. U.S. Secretary of Commerce Howard Rutnik said, "The negotiations are progressing smoothly, and both sides are spending a lot of time together," adding, "Conversations will continue throughout the day."
Last month, the two countries agreed to temporarily lower mutual tariffs. This came as a relaxation measure following U.S. President Donald Trump's announcement of high tariffs on large-scale imports, heightening expectations for progress in the negotiations.
Meanwhile, major European stock markets are showing mixed signals. The Euro Stoxx 50 index is down 0.10%, and the German DAX is down 0.36%. Conversely, the UK FTSE is up 0.49%, and the French CAC 40 has increased by 0.05%.
International oil prices continue to rise for the fourth consecutive transaction day. West Texas Intermediate (WTI) is recorded at $65.40 per barrel, and Brent crude is at $67.21.