The S&P 500 Index ($SPX) (SPY) today is up by +0.32%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.40%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.47%. December E-mini S&P futures (ESZ25) are up +0.30%, and December E-mini Nasdaq futures (NQZ25) are up +0.42%.
US stock indexes are climbing today, with the S&P 500, the Dow Jones Industrials, and the Nasdaq 100 posting new all-time highs. Easing global trade tensions are supporting gains in stocks today after President Trump said he expects to lower tariffs on Chinese goods over the fentanyl crisis. The Wall Street Journal reported late Tuesday that President Trump was considering cutting the 20% tariff to as low as 10% on Chinese goods as he expects China would be "doing things" and work with him directly to address the export of precursor chemicals critical to manufacturing fentanyl. Also, the US and South Korea finalized a trade deal today that will see South Korea make $150 billion in shipbuilding investments in the US, and the US will cap tariffs on South Korean goods at 15%.
