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U.S. Stocks Rise as Investors Eye China Trade Talks

U.S. stocks opened higher on Friday as traders considered President Donald Trump’s comments suggesting that an 80% tariff on China might be justified, just as negotiations between the two countries are set to begin on Saturday.

Market Overview

At 9:36 AM in New York, the S&P 500 rose by 0.4%, while the Nasdaq 100 increased by 0.6%. The Dow Jones Industrial Average climbed by 0.3%, and the Russell 2000 also gained 0.3%. If these movements hold, the S&P 500 will finish the week with a slight gain.

Tìm hiểu chỉ số S&P 500 - Chỉ số quan trọng nhất của thị trường chứng khoán Mỹ

Key Stocks and Sectors

Among individual stocks, Expedia Group Inc. saw a 12% drop after the company lowered its full-year forecasts for bookings and revenue, citing weaker-than-expected travel demand both domestically and internationally. Meanwhile, semiconductor stocks rose after Taiwan Semiconductor Manufacturing Co. reported a 48% jump in April revenue, driven by electronics companies rushing to secure essential components before global tariffs take effect. Lyft Inc. surged 16% following a better-than-expected bookings report for the first quarter, contrasting sharply with disappointing results from larger rival Uber Technologies Inc.

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Trade Focus

Investors remain focused on trade developments. In a Friday morning social media post, Trump said, “Tariffs of 80% on China seem right! Depends on Scott B,” referring to Treasury Secretary Scott Bessent. Meanwhile, European leaders presented a united front, with German Chancellor Friedrich Merz stating that individual member states would not sign separate deals, and European Commission President Ursula von der Leyen emphasized the need for a concrete proposal before any serious negotiations with Washington.

Thế giới 24h: Ông Trump công bố quốc gia đầu tiên đạt thỏa thuận thương mại "toàn diện" với Mỹ

Market Sentiment and Risks

Tom Essaye of Sevens Report noted that trade speculation would drive trading today, especially any “rumors” about expectations for the U.S.-China trade talks in Geneva over the weekend. However, some market strategists urged caution. On Friday, Michael Hartnett of Bank of America warned that the U.S. stock market’s impressive recovery may have already peaked. He suggested that while stocks rose due to optimism around lower tariffs in Q2, there would be no further gains as investors “buy the rumor, sell the news.”

Bloomberg Intelligence analysis found that a key stock market indicator entered a historically cautious phase, linked to the worst earnings outlook for the S&P 500 in recent history.

Federal Reserve and Global Concerns

Investors were also attentive to several Federal Reserve speakers on Friday, including John Williams, Austan Dean Goolsbee, and Christopher Waller. Outside the U.S., Canada’s unemployment rate surged in April to levels not seen since November 2017, outside of the pandemic period.

Tìm hiểu về Cục dự trữ liên bang Mỹ (Fed) | Tài chính Tâm an

Geopolitical tensions continue, with India claiming it “neutralized” drone and missile attacks from Pakistan targeting military sites on Thursday night. Ukrainian President Volodymyr Zelensky stated that his country aligns with the U.S. and other allies on a proposed 30-day or longer ceasefire initiative.

Conclusion

The U.S. stock market saw a positive opening as investors anticipated trade talks with China and analyzed key market factors. While optimism surrounding tariffs and earnings prospects exists, caution remains among some strategists, highlighting the need for careful navigation in the current market environment.

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