Benchmark indices on Wall Street had a strong start to the new trading week, whose second half promises to be full of action and full of news. All four major indices ended at record high levels on hopes of a potential trade deal between the US and China.

The Dow Jones surged nearly 350 points to close above the 47,500 mark, while the S&P 500 gained 1.2% to end near the mark of 6,900 for the first time. Buoyed by Nvidia and other semiconductor stocks, who stand to be the biggest potential beneficiaries of any trade deal between the two major economies, the Nasdaq gained nearly 2% and closed above 23,500. The Smallcap Russell 2000 index also hit a record.

UBS continued to maintain its optimism on the US equities, expecting the S&P 500 to now reach levels of 7,300 by June 2026.

Shares of Q

See Full Page