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US markets end higher amid continued hopes of US-China deal
Oct-29-2025

The US markets ended higher on Tuesday amid continued optimism over a trade deal between US and China. The reports of a rare metals deal between the U.S. and Japan also increased the investors’ confidence ahead of US President Donald Trump's meeting with his Chinese counterpart Xi Jinping later this week. Besides, traders were looking ahead to the release of earnings news from a number of big-name tech companies, with Alphabet (GOOGL), Apple (AAPL), Meta Platforms (META), Microsoft (MSGFT) and Amazon (AMZN) due to report their quarterly results in the coming days. However, they seemed reluctant to make any significant move ahead of FOMC decision and as well as Fed Chair Jerome Powell's post-meeting comments. Further, the Conference Board released a report showing a modest deterioration by consumer confidence in the month of October. The Conference Board said its consumer confidence index dipped to 94.6 in October from an upwardly revised 95.6 in September. Meanwhile, street had expected the consumer confidence index to slip to 93.4 from the 94.2 originally reported for the previous month.

On the sectoral front, significant strength has been seen in networking stocks, driving the NYSE Arca Networking Index up by 1.6 percent to a record closing high. Considerable strength was also visible among steel stocks, as reflected by the 1.6 percent gain posted by the NYSE Arca Steel Index.

Dow Jones Industrial Average climbed 161.78 points or 0.34 percent to 47,706.37, Nasdaq advanced 190.04 points or 0.8 percent to 23,827.49 and S&P 500 rose 15.73 points or 0.23 percent to 6,890.89.

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