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U.S. stocks were little changed as Wall Street monitored renewed trade discussions between American and Chinese officials.\u00a0<\/p>\n
Hopes of easing tensions and rolling back tariffs weren\u2019t enough to lift major indexes. The Dow Jones Industrial Average closed lower by a single point while the S&P 500 and Nasdaq indices gained 5.52 points and 61.28 points, respecitvely.<\/p>\n
High-level U.S.-China trade talks took place<\/a> in London, featuring Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick.\u00a0<\/p>\n <\/p>\n National Economic Council Director Kevin Hassett told CNBC the U.S. is seeking firm commitments from China on critical mineral exports, with expectations that rare earth shipments would resume if talks progress.<\/p>\n Semiconductor stocks responded strongly. Qualcomm surged over 4% after announcing<\/a> a $2.4 billion acquisition of chipmaker Alphawave. Advanced Micro Devices and Texas Instruments each rose<\/a> more than 4%, and Nvidia also ticked higher.\u00a0<\/p>\n Chinese tech giant Alibaba gained 2%, reflecting optimism about improved bilateral relations.<\/p>\n \u201cInvestors are taking bullish trades today on China large caps and U.S. semiconductor stocks, which are both beneficiaries of U.S.\/China trade talks,\u201d said Larry Tentarelli of Blue Chip Daily Trend Report.<\/p>\n<\/blockquote>\nUS-China talks progress\u00a0<\/h2>\n
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