Equity Alert
S&P 500, Nasdaq at record highs; US-China talks lift sentiment
This story was originally published at 08:01 IST on 16 September 2025
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Equity Alert: S&P 500, Nasdaq at record highs; China-US talks lift sentiment
MUMBAI--0725 IST--Indices in the US rose Monday after President Donald Trump made positive comments about the US-China trade negotiations. Market participants await the US Federal Reserve's monetary policy decision due Wednesday when the central bank is widely expected to cut interest rates. The S&P 500 closed above 6600 points for the first time and the Nasdaq Composite also notched a record high.
US and Chinese officials Monday said they had reached a framework agreement to pass on ownership of the Chinese short-video app TikTok to the US. US Treasury Secretary Scott Bessent said that the deadline to finalise the deal could be extended by 90 days, according to a Reuters report. The deadline for Chinese negotiators for the deal was Sept. 17. Donald Trump said on Truth Social that the trade meeting in Europe between US and China had gone "very well", the Times of India reported.
The technology-heavy Nasdaq Composite closed nearly 1% higher and the index rose for the sixth consecutive session. Shares of Tesla were up nearly 4?ter the company's owner Elon Musk disclosed stock purchase worth $1 billion, according to media reports. Shares of Alphabet were up 4.4% and the company reached a market capitalisation of more than $3 trillion for the first time.
Among other major technology stocks, Microsoft and Apple were up over 1?ch. However, shares of chip-maker Nvidia traded in the red but recovered the sessions's losses. China on Monday had accused Nvidia of violating the country's anti-monopoly law, Reuters report said.
Market participants braced for upcoming Fed decision on key rates. The CME Fedwatch tool shows a 96% probability of a 25-basis-point rate cut after the ongoing Fed meeting and a 4% probability of a sharper 50-bps rate cut that was driven by a slew of data that showed weakness in labour market in the US.
Following are the closing levels of US indices Monday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6615.28 |
0.47 |
|
NASDAQ Composite |
22348.749 |
0.94 |
|
Dow Jones Industrial Average |
45883 |
0.11 |
(Eshitva Prakash)
US$1 = 88.21
End
Edited by Akul Nishant Akhoury
All prices from National Stock Exchange, unless otherwise specified.
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