U.S.-China Trade Talks Resume as S&P 500 Tops $6,000—Wall Street Breathes Again (For Now)
Geopolitical theater meets market euphoria as the world's two largest economies dust off their negotiation playbooks. The S&P 500's reclaim of the $6,000 mark has traders swapping doomscrolls for champagne—never mind that most couldn't explain how tariffs actually work.
Meanwhile in crypto-land: Bitcoin hodlers smirk as traditional markets celebrate 'stability'—a concept as elastic as a central banker's conscience.
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The trade talks come as the S&P 500 (SPX) regains the $6,000 level after falling to as low as $4,835 in April. In addition, the benchmark index is less than 2.5% from its all-time high of $6,147.43.
U.S.-China Talks Likely to Include Rare Earths Negotiation
Rare earth elements, a crucial component in the production of semiconductors, cars, and planes, will be a key point of discussion. Trump had previously complained about China’s restriction of the elements, as the country holds a near-monopoly on them. Last week, China approved temporary rare earth export licenses for suppliers of three top U.S. automakers in a sign of easing tensions.
The S&P 500 is up by 0.10% at the time of writing.
