Dow, S&P 500, Nasdaq open higher after Trump-Xi call

Actions opened above Thursday after US President Donald Trump and Chinese counterpart Xi Jinping experienced a telephone call.

The industrial average of Dow Jones, which broke its last sequence of five -day victories on June 4, opened its doors in the green, but after 40 minutes of negotiation, which has become slightly negative.

While trading has shown an optimistic lack of momentum, the enthusiasm for Wall Street reflected the news that Trump and Xi spoke by phone. The call, Reported by XinhuaComes only a few days after Trump said China had violated a recently agreed trade agreement. The stock markets rallied in April after the US-Chinese trade discussions in Switzerland.

As actions Adagged higher after this last blow, Bitcoin (BTC) Placed just above $ 105,000.

While Wall Street is considering gains that could see the major American indexes timing another winning week, concerns about global economic growth persist. The last to add to the overall atmosphere of the rhythm is the ADP report on the growth of hiring in the private sector.

Thursday, the Labor Department’s Labor Statistics Office said weekly unemployment complaints increased for the second consecutive week. The number of Americans depositing for unemployment allowed 8,000 to 247,000, the highest weekly leap since October 2024. The figure has exceeded economists’ expectations of 237,000 new complaints.

In parallel, the productivity of American workers dropped in the first quarter of 2025, which stimulated the unitary labor of 6.6% in persistent tariff uncertainty. According to the Bureau of Labor Statistics, non -agitated productivity decreased to an annualized rate of 1.5% in the first quarter.

The decision of the European Central Bank was also remarkable to reduce interest rates by 25 basic points, bringing its deposit rate to 2%. This marks the seventh drop in the consecutive rate of the ECB, against a peak of 4% in mid-2013.

The ECB’s decision follows the Euro zone inflation data showing a decrease to 1.9% in May, below the 2% target of the bank.

Meanwhile, US President Donald Trump recently criticized the president of the Federal Reserve Jerome Powell for the Fed decision not to reduce interest rates. Continuous uncertainty concerning prices and monetary policy continues to shape the feeling of investors in the markets of risky assets.