US Index Futures rise as traders anticipate US-China trade talks

From Investing.com: 2025-05-08 01:16:00

Stocks rose after the U.S. and China announced a meeting in Switzerland to ease tensions. The S&P 500 is 8% away from its record high in February. AMD shares rose 1.2%, Disney shares jumped 8.4%, and Uber shares fell 4.1% after earnings reports. The dollar struggles above the 100.00 mark. Gold prices are trading at $3396. The Fed is expected to keep rates steady at 4.25%-4.50%. Traders are watching for Jerome Powell’s comments. The S&P 500 faces resistance at 5669, with potential to move higher if positive trade deal rhetoric continues. Support levels are at 5538 and 5500.



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