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US markets end higher amid hopes of US-China deal

28 Oct 2025 Evaluate

The US markets ended higher on Monday amid optimism about a potential trade deal between US and China ahead of a highly anticipated meeting between President Donald Trump and his Chinese counterpart Xi Jinping, scheduled this week. Besides, trading sentiments remained upbeat following the comments from US Treasury Secretary Scott Bessent suggesting the talks with Chinese officials resulted into a very successful framework for US President Trump. Moreover, Trump has signed trade and mineral agreements with his Malaysian and Cambodian counterparts and expressed optimism about reaching a trade deal with China. Further, investors remained optimistic about the outlook for interest rates ahead of the Federal Reserve's monetary policy announcement this week.

On the sectoral front, semiconductor stocks turned in some of the market's best performances on the day, with the Philadelphia Semiconductor Index surging by 2.7 percent to a new record closing high. Considerable strength also emerged among telecom stocks, as reflected by the 1.4 percent gain posted by the NYSE Arca North American Telecom Index.

Dow Jones Industrial Average climbed 337.47 points or 0.71 percent to 47,544.59, Nasdaq surged 432.59 points or 1.86 percent to 23,637.46 and S&P 500 jumped 83.47 points or 1.23 percent to 6,875.16.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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