Equity Alert
US indices rise amid signs of easing trade tensions with China
This story was originally published at 07:50 IST on 14 October 2025
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Equity Alert: US indices rise amid signs of easing trade tensions with China
MUMBAI--0740 IST--Equity indices in the US partially recovered from the sharp fall on Friday after US President Donald Trump's conciliatory statements on trade with China boosted sentiment. In an interview with Fox Business Network, US Treasury Secretary Scott Bessent said Trump was on track to meet China's President Xi Jinping in South Korea as the two sides work on easing trade frictions. Artificial intelligence-related stocks were among the biggest gainers and shares of Broadcom surged on its deal with OpenAI.
Indices in the US had declined sharply Friday, following Trump's threats to impose additional 100% tariffs on China after Beijing earlier announced that it would expand its export controls on rare earths. However, Trump's post on Truth Social over the weekend indicated he might not follow through with his plans, media reports said. "Don't worry about China, it will all be fine! Highly respected President Xi just had a bad moment. He doesn't want Depression for his country, and neither do I," Trump wrote on Truth Social over the weekend.
The Dow Jones Industrial Average was 1.3% higher and the S&P 500 advanced almost 1.6%. The Nasdaq Composite advanced a little over 2%.
Broadcom and OpenAI Monday said they were jointly building and deploying 10 gigawatts of custom artificial intelligence accelerators as part of a broader effort across the industry to scale AI infrastructure, CNBC reported. Shares of Broadcom rose almost 10% and others in the same sector, such as Nvidia Corp. and Micron Technology advanced 3% and 6%, respectively. "AI continues to be the momentum driver, and it's not surprising investors have purchased the dip," Sam Stovall, chief investment strategist at CFRA Research, was quoted as saying by Reuters.
Among other stocks, shares of Oracle rose over 5?ter at least two brokerages raised their price target on the AI cloud firm, Reuters reported. Estee Lauder, a cosmetics company, ended nearly 6% higher after Goldman Sachs upgraded the stock's rating to 'buy' from 'neutral'.
Following are the closing levels of US indices Monday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6654.72 |
1.56 |
|
NASDAQ Composite |
22694.61 |
2.21 |
|
Dow Jones Industrial Average |
46067.58 |
1.29 |
(Eshitva Prakash)
End
US$1 = INR 88.67
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Avishek Dutta
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