Anadolu: The New York Stock Exchange ended with gains Tuesday after the third round of trade negotiations between the top two economies concluded in Sweden, with US President Donald Trump indicating he would be briefed Wednesday about the talks.
The Dow was down 0.46%, or 204.57 points, to close at 44,632.99.
The Nasdaq fell 0.38%, or 80.29 points, to 21,098.29 and the S&P 500 dropped 0.3%, or 18.91 points, to 6,370.86.
After the trade talks, Trump said negotiations between US representatives and China were positive, and he expects to meet Chinese President Xi Jinping sometime this year.
Referring to US Treasury Secretary Scott Bessent’s two days of talks in Sweden with Chinese Vice Premier He Lifeng, Trump told reporters on Air Force One that Bessent “had a very good meeting with China.”
“They are going to brief me tomorrow. We’ll either approve it or not,” he said, adding that Bessent “felt very good about the meeting, better than he felt yesterday.”
Trump confirmed his intention to meet Xi in the near future, saying the Chinese president “wants to meet.”
“And I look forward to the meeting too, but I would say before the end of the year,” said Trump, returning to the US from a visit to Scotland.
Meanwhile, Bessent told CNBC that a potential extension of a tariff pause between the US and China will not be agreed to until Trump signs off on the plan.
Trump “has final say on all the trade deals” and the pending tariff truce, said Bessent.
On the data side, the Federal Reserve is due to release its interest rate decision Wednesday. Markets expect the bank to keep the policy rate unchanged between the 4.25% – 4.5% range.
The Conference Board’s US Consumer Confidence Index rose 2 points to 97.2 in July, exceeding expectations.
The Job Openings and Labor Turnover Survey, or JOLTS, job openings in the US hit 7.437 million in June, below estimates.
The VIX Index, also known as the “fear index,” climbed 6.52% to 16.01.
US Stocks end Lower as US-China Trade Talks Conclude
