Stock traders are having a conversation at the New York Stock Exchange in the United States. /Courtesy of Yonhap News Agency

The major indexes of the New York stock market reached all-time highs on expectations of progress in U.S.-China trade negotiations.

As of 9:31 a.m. local time on the 27th, the Dow Jones Industrial Average was up 169.42 points (0.39%) at 43,556.26 on the New York Stock Exchange (NYSE), the Standard and Poor's (S&P) 500 index was up 14.58 points (0.24%) at 6,155.60, and the NASDAQ index was up 77.74 points (0.39%) at 20,245.65.

Early in the session, the NASDAQ index hit 20,247.45 and the S&P 500 index recorded 6,165.13, setting new intraday all-time highs.

Analysts interpret that the U.S. stock market, which has experienced significant volatility this year due to trade uncertainties and geopolitical risks, has successfully entered a rebound phase. In particular, expectations that a trade agreement between the U.S. and China could be reached soon appear to be reflected in the market.

Earlier, U.S. Treasury Secretary Scott Bessent mentioned that the Trump administration aims to finalize trade negotiations with most major trading partners by Labor Day on September 1. He explained that the U.S. is currently pursuing trade agreements with about 18 key trading partners, and has already reached some level of agreement with the United Kingdom and China.

Rick Reader, global chief investment officer (CIO) of BlackRock, noted, "There has been a lot of money waiting to flow into the market, but negative news has delayed that entry. If there are no significant adverse events, funds are bound to flow naturally into the overall asset classes."

The core Personal Consumption Expenditures (PCE) price index for May, released that day, rose 2.7% compared to the same month last year, slightly exceeding the market expectation of 2.6%.