New York Stock Exchange on the Rise: US-China Tensions Diminish

New York Stock Exchange Starts the Day with Gains

The New York Stock Exchange opened the first trading day of the week with a rise as concerns about the resumption of trade tensions between the US and China eased. The positive atmosphere in the markets increased investors' risk appetite, and historically significant indices were also affected by this situation.

Index Increases

At the opening, the Dow Jones index rose 0.48 percent to reach 45,698.46 points. The S&P 500 index surged 1.07 percent to 6,622.53 points, and the Nasdaq index climbed 1.69 percent to 22,578.67 points. These increases were influenced by statements from US President Donald Trump and the reduction in tensions between the two countries.

Trump's Statements and Their Impact on the Markets

On Friday, Trump had warned of a significant increase in tariffs on Chinese goods. However, in a follow-up statement over the weekend, he indicated that the crises faced by Chinese President Xi Jinping would not affect the relationship between the two countries. Trump attempted to instill confidence in investors by saying, "Everything will be alright."

US Vice President JD Vance's declaration that they were open to negotiations also contributed to a more positive shift in the markets. However, analysts emphasized that uncertainties in trade between the US and China remain.

Corporate Developments and Stock Performances

Another factor contributing to the rise in the markets was JPMorgan Chase's plan to invest 10 billion dollars in companies deemed important for the country’s national security. This development led to a 2.5 percent increase in the company's shares. Additionally, Broadcom announced its collaboration with OpenAI, resulting in a 7 percent rise in its shares.

Financial Shutdown and Earnings Reports Expected

Meanwhile, the US federal government entered its thirteenth day of shutdown due to funding shortfalls. Market participants noted that major banks are focused on the upcoming data. Citigroup, Goldman Sachs, Wells Fargo, and JPMorgan Chase will announce their earnings tomorrow, while Bank of America and Morgan Stanley will release their earnings on Wednesday.