Stocks Advance After Bessent Says Talks with China Were Successful Before Trump-Xi Meeting – WTOP News
- Wall Street's main indices opened lower on Wednesday, with the Dow Jones Industrial Average falling 92.3 points as rising oil prices and government bond yields pressured markets.
- Investors awaited developments from negotiations to end the Middle East conflict, while the upcoming US-China summit added to geopolitical uncertainty affecting market sentiment.
- The 10-year Treasury yield jumped to 5.05% from 4.96% late Tuesday, a considerable move for the bond market, while Brent crude oil rose 2.4% to $101.59.
- Fed Gov. Michael Barr said Wednesday that in his base case, further policy adjustments are likely needed to ensure inflation comes down to target in a timely fashion.
- Ahead of the Chinese President's state visit to Washington to meet with President Donald Trump, stock indexes fell 1% in Hong Kong and 0.4% in Shanghai.
120 Articles
120 Articles
'We want strategic stability, but it has to be based on reciprocity and fairness,' US Treasury Secretary Scott Bessent says
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US stocks fall after bond yields jump on higher oil prices and a strong economic report
U.S. stocks are faltering after oil prices halted their slide, while a surprisingly strong report on U.S. business activity raised worries about inflation. The S&P 500 sank 0.8% Wednesday and dropped 1.3% below its record set last month. The Dow…
US open to extending China trade truce, or bigger deal, Bessent says
WASHINGTON — The United States is open to extending the U.S.-China trade truce that expires on November 10 or considering a possibly larger trade deal, U.S. Treasury Secretary Scott Bessent said on Wednesday as he left a meeting with Chinese Vice Premier He Lifeng to prepare for a summit between the two countries' leaders. Bessent gave no details about a potentially bigger U.S.-China trade deal following his second meeting with He in four days. …
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