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Informist, Tuesday, Oct. 28, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: US mkt hits record high, ends up Mon as US-China talks progress

 

MUMBAI--0742 IST--The equity market in the US hit a fresh record high and closed higher for the third consecutive session on Monday as trade talks between the US and China progressed. US officials said negotiators from both the countries have reached a framework for agreements to reduce US tariffs on Chinese imports and ease curbs on rare earth exports from China, according to media reports. There is hope that the two nations will sign a trade deal on Thursday and bring respite to trade tensions between them.  

 

All three headline indices – Dow Jones Industrial Average, S&P 500, and Nasdaq Composite – hit all-time highs during the day. The tech-heavy Nasdaq Composite gained the most among the three and closed almost 2% higher at 23637.456 points after reaching its lifetime high of 23658.66 points. The S&P 500 index closed just a little over 1% at 6875.16 points after hitting its new all-time high during the day. The Dow Jones index also hit a record high of 47564.52 points intraday and closed 0.7% higher at 47544.59 points. 

 

"We had this big headline, markets sold off, we had some wobbles on that, but now it seems that talks are constructive again and now that's being faded," Reuters reported, citing Evelyne Gomez-Liechti, multi-asset strategist at Mizuho. "To be honest, whenever we get all these headlines from Trump, it also follows this TACO (Trump Always Chickens Out) pattern. I feel like this was just the strategy again," she said. 

 

Investors will also focus on the two-day monetary policy meeting of the US Federal Open Market Committee starting Tuesday. According to the CME FedWatch Tool, there is a 97% possibility that the central bank will reduce the key interest rate by 25 basis points to 3.75-4.00%. 

 

Following are the closing levels of US indices Monday:

 

Index	Level	Change in %
S&P 500	6875.16	1.23
NASDAQ Composite	23637.456	1.83
Dow Jones Industrial Average	47544.59	0.71

 

(Anjana Therese Antony)

 

End

 

US$1 = INR 88.25

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

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