Wall Street closed on Monday with its main indicators in positive after a session in which the US president, Donald Trump, communicated advances in his country’s commercial dialogue with China, which is taking place in Madrid.
At bell touch, Dow Jones advanced 0.11%, the S&P 500 rose 0.47%and Nasdaq increased 0.94%.
Trump said today that negotiations with the Asian giant have passed “very well” and said that “soon” could be an agreement on the social network Tiktok.
“The great commercial meeting in Europe between the United States of America and China has gone very well! Soon it will conclude. An agreement was also reached on a ‘certain company that the young people of our country really wanted to save. They will be very happy!” Trump wrote in his social Truth network.
The president also announced that he will dialogue with his Chinese counterpart, Xi Jinping, next Friday and said that between both nations “the relationship remains very strong!”
The commercial delegations of Washington and Beijing have gathered in the Spanish capital since the weekend in their fourth round of negotiations in search of an agreement on tariffs, export controls and the future of Tiktok, two days after the deadline for the video platform stopping to function in the US.
Soser context:
The United States and China reach an agreement on Tiktok; Trump and Xi will talk on Friday
On the other hand, while the conversations between the two countries continued, the Chinese market regulator said that NVIDIA (which today closed practically flat) violated the antimonopoolio law of the country and that it would continue its research on the manufacturer of US chip.
The market is also waiting for the Federal Reserve Meeting (FED) this week to deal with a possible decrease in interest rates.
The data published last week reflected how the Central Bank has difficulties in maintaining inflation under control and full employment in the US, which makes waiting for a decrease in the types that analysts place at 25 basic points.
As for the corporate level today, Tesla shares rose 3% after its executive director, Elon Musk, announced that it has bought a package of titles for a value of 1,000 million dollars (about 850 million euros), which translates into almost 2.6 million shares.
Among the 30 quotes of the Dow also highlighted the advances of Amazon (1.44%), Apple (1.12%), International Business Machines (1.1%) and Microsoft (1%), among others; With falls for Merck (-1.2%) and McDonald’s (-1.09%).
With EFE information.
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