#USChinaTradeTalks Treasury Secretary Scott Bessent walks to his seat before his testimony before the House Appropriations Committee's Subcommittee on Financial Services and General Government on May 6, 2025, at the U.S. Capitol in Washington.

Tom Brenner—The Washington Post via Getty Images

The S&P 500 fell 0.8% yesterday, bringing it down 4.7% for the year so far, while S&P futures rose 0.6% this morning in pre-market trading. The U.S. government said that Treasury Secretary Scott Bessent would travel to Switzerland to meet with Chinese Vice Premier He Lifeng, Beijing's top economic representative.