Signs of a nearing US-China trade deal sparked a broad market rally, boosting stocks, oil, and copper, while Treasuries and gold declined. Investors are anticipating a potential accord, with top negotiators reporting progress on contentious issues. This development is seen as a short-term risk-on cue, though sustainability hinges on fundamental backing.
US stocks today: US stocks rise as energy costs weigh on Fed rate decision; Dow ends 55 points higher
US stock markets saw gains as Wall Street closed higher. Travel stocks like Delta Air Lines and American Airlines Group rebounded. The Federal Reserve commenced