US stocks close higher amid ongoing trade talks with China

US stocks rose at the close of Tuesday’s trading, as trade negotiations between Washington and Beijing continued for the second consecutive day, amid hopes that both sides would reach an agreement to end the reciprocal tariff war.

The Dow Jones Industrial Average rose by 0.25%, or 105 points, to close at 42,866 points.

The broader S&P 500 index gained 0.55%, or 32 points, to 6,038 points, marking its third consecutive positive session. Meanwhile, the Nasdaq Composite increased by 0.63%, or 123 points, to 19,714 points.

In Europe, the Stoxx Europe 600 index was steady at 553 points, with mixed performances across major stock markets.

The UK’s FTSE 100 rose by 0.24% to 8,853 points, while Germany’s DAX fell 0.77% to 23,987 points. France’s CAC 40 gained 0.17% to 7,804 points.

The Japan’s Nikkei 225 climbed 0.30% to 38,211 points, extending its gains for a third straight session, while the broader Topix index held steady at 2,786 points.

Brent crude futures for August delivery fell by 0.25%, or 17 cents, to $66.87 per barrel.

US WTI crude futures (NYMEX) for July delivery declined by 0.47%, or 31 cents, to $64.98 per barrel.

Gold futures for August delivery dropped by 0.34%, or $11.5, to $3,343.40 per ounce at the close.

Investors are closely following the second round of trade negotiations between the US and China, which began yesterday in London, hoping the talks will result in an end to the reciprocal tariff war between the world’s two largest economies.