US stocks rose on Monday (September 15), after US President Donald Trump said US-China trade talks were going well. Investors were also preparing for a key meeting of the US Federal Reserve (Fed) this week.
The S&P 500 closed 0.5% higher at 6,615.28, marking its first close above 6,600. The Nasdaq Composite also hit a new all-time high, up 0.9% to 22,348.75. The Dow Jones Industrial Average rose 49.23 points, or 0.1%, to 45,883.45.
Senior U.S. and Chinese officials discussed tariffs and a timeline for the sale of TikTok, the Chinese-owned social media platform, for a second day. In a post on Truth Social, Trump said the meeting between officials was positive and that an agreement “was also reached on a ‘certain’ company that the young people of our country want to save,” possibly referring to TikTok. Reuters reported on Monday, citing a senior U.S. official familiar with the talks, that the U.S. would move forward with the TikTok ban if China drops its demands for reduced tariffs and technology restrictions.
Amid ongoing negotiations between the two countries, China’s market regulator said Nvidia had violated the country’s antitrust laws and would continue to investigate the chipmaker. Shares bucked the broader trend of the “Magnificent Seven” stocks, closing flat.
Tesla shares jumped 3% after CEO Elon Musk disclosed a $ 1 billion insider purchase , his largest ever on the open market and his first major purchase since 2020. Investors viewed the move as a vote of confidence from Musk in the company, which is trying to shift its focus to robotics amid growing competition in electric vehicles.
US stocks rose on Monday after the latest economic data showing a weakening labor market and tame inflation raised hopes the Fed will cut interest rates at its meeting on September 17. The market most recently forecast a 95.8% chance of a 25 basis point cut, with a 4.2% chance of a 50 basis point cut, according to the CME FedWatch tool.
Lower interest rates could continue to support the stock market, which has been boosted by investor enthusiasm around artificial intelligence (AI), despite risks to the economic outlook. Ndtd will also be watching the US Senate to see whether Stephen Miran is sworn in as Fed governor in time for this week’s Federal Open Market Committee (FOMC) meeting.
Source: vietstock.vn
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