US Markets Wrap: Big Tech Leads the Charge as US-China Tensions Cool
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US Markets Wrap: Big Tech Leads the Charge as US-China Tensions Cool
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A tech-fueled rally lifted Wall Street, with the S&P 500 closing in on record highs as easing trade tensions and strong earnings boosted investor confidence. Hopes for progress ahead of President Trump’s upcoming meeting with China’s Xi Jinping helped offset worries about oil prices and inflation. Ryan Detrick, Chief Market Strategist at Carson Group, break downs what’s driving the rebound, how investors are positioning ahead of key inflation data, and what the latest corporate layoffs signal about the broader economy.
Produced/Presented: Ryan Huang
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