The major U.S. indexes closed the week lower, reflecting investor caution ahead of pivotal U.S.-China trade negotiations:
Dow Jones Industrial Average: fell 119 points (−0.29%) to 41,249.38
S&P 500: dipped 0.07% to 5,659.91
Nasdaq Composite: ended nearly flat at 17,928.92
This subdued performance comes as markets anticipate outcomes from the upcoming trade talks.
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🌐 U.S.-China Trade Developments
High-level trade discussions between the U.S. and China are set to commence in Geneva. U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will lead the talks, focusing on potential tariff reductions. President Trump has suggested lowering tariffs on Chinese goods from 145% to 80%, aiming to ease tensions and stimulate economic activity.
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📊 Market Trends & Notable Stocks
Tesla (TSLA): Shares rose 4.7% on optimism surrounding its upcoming robotaxi launch.
Palantir (PLTR): The stock is forming a bullish cup-with-handle pattern, indicating potential for upward movement.
Alibaba (BABA): Trading near a buy point ahead of its earnings report.
Overall, the market remains range-bound, with indexes holding above their 50-day moving averages but facing resistance at the 200-day lines.