Positive Outlook on US-China Talks Boosts US Stocks, Apple Shares Drop Over 1%

The US and China delegations commenced a new round of trade negotiations on the 9th in London, drawing global attention. The US has fielded Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer, while China is represented by Vice Premier He Lifeng. There's optimism around the negotiations leading to further outcomes.
On that day, the major US stock indices mostly rose, with the Dow Jones down just 1.11 points, closing at 42761.76; the Nasdaq rose by 61.28 points, or 0.31%, closing at 19591.24; the S&P 500 added 5.52 points, or 0.09%, closing at 6005.88; while the Philadelphia semiconductor index increased by 98.61 points, or 1.96%, closing at 5136.66.
In focus stocks, Apple hosted its Global Developer Conference (WWDC) on Monday, but faced setbacks with its AI technologies, causing its stock to drop over 1%.
Market analysts note that trade tensions may take months to resolve, indicating that this negotiation is a significant economic conflict of the 21st century, unlikely to see major advancements in the short term.