As news emerged that U.S.-China trade talks had made progress, the New York stock market closed higher on the 15th (local time).
On this day, the Dow Jones Industrial Average closed at 45,883.45, up 49.23 points (0.11%) from the previous session. The Standard & Poor's (S&P) 500 index rose 30.99 points (0.47%) to 6,615.28, and the tech-heavy Nasdaq composite added 207.65 points (0.94%) to 22,348.75.
In particular, the S&P 500 index and the Nasdaq composite hit record closing highs with the day's gains.
U.S. President Donald Trump said on the social media (SNS) platform Truth Social that the U.S.-China trade talks held on the 14th to 15th "went very well," adding that they also reached an agreement on a "particular" corporations (TikTok) that "our country's young people really wanted to save."
He said he plans to speak with Chinese President Xi Jinping on the 19th about the talks.
Li Chenggang, China's Ministry of Commerce representative for international trade negotiations and vice minister, also said at a briefing that day that they held "frank, in-depth and constructive communication" with the United States on economic and trade issues, including TikTok, adding that they "reached a basic agreement through cooperation."
Big tech (large technology corporations) stood out with strong gains. Tesla rose 3.56% on news that Chief Executive Officer Elon Musk made an intraday purchase of $1 billion of the company's shares on the 12th, while Alphabet, Google's parent, climbed 4.5% on the day to become the fourth company after Apple, Microsoft and Nvidia to top a $3 trillion market capitalization.
The market is focused on the U.S. Federal Reserve (Fed)'s monetary policy meeting on the 16th to 17th. Among investors, the prevailing view is that the Fed will cut the benchmark interest rate.