Stock Market Update

[BRIEFING.COM] A positive-minded stock market had some more positivity injected into it in the last half hour or so by a Bloomberg report that Treasury Secretary Bessent said the China situation is unsustainable and that he expects the tariff issues to de-escalate.

That headline carried the indices to new session highs, giving market participants a tiny taste of the relief rally waiting in the wings if the U.S. and China can work out a trade deal. Mr. Bessent added, however, that negotiations haven't even started.

Remarkably, the major indices have recovered all of yesterday's losses and then some. The S&P 500, for its part, is up more than 200 points from yesterday's low of 5,101.63.