Stock and Crypto markets showed signs of careful optimization on Tuesday after reports confirmed that old US officials are set to meet with their Chinese counterparts later this week in Switzerland. The S&P 500 index poured 0.77% in Wednesday's pre-market session, while the Global Crypto Market Cap recorded a 1.26% increase in the last 24 hours to cross $ 3 trillion.
According to The Wall Street Journal, US Secretary of Treasury Scott Bescent and Trade Representative Jamieson Greer is set to hold discussions with China's leading economic official on Thursday. The news of the conversations, which is expected to take place in Zurich, started a rally in stock-index futures overnight, correcting two consecutive days of decline in the market.
Stock futures rebound after a series of losses in the market
Following announcement At the planned US-China meeting, the S&P 500 futures climbed approximately 0.8%, while the Dow Jones Industrial Average Futures rose 196 points, or 0.42%. NASDAQ 100 Futures Advanced by 0.48%. Rebound will come after a regular Tuesday session has seen losses in all US main indexes.
Dow drops about 400 points, or 0.9%, while the S&P 500 slips 0.8%. The Nasdaq composite fell 0.9%, pulled by a seller in Palantir shares that saw failed incomes. The investor's sentiment has been -ratled by macroeconomic concerns and a lack of development in trade deals.
Earlier in the day, Canada's Prime Minister Mark Carney recognized with President Donald Trump in the White House. Carney again pushed against provocative comments from the US president asking Canada to be absorbed as the 51st US state, saying that his country was “not sold.”
On the digital asset side, the Altcoin market cap explodes from a long-falling wedge pattern, but faces headwinds in 21-day and 50-day moving averages, acting as resistance levels.
#Alts Analysis on the market cap
The Alts market cap is broken from a falling wedge pattern with a strong volume, indicating potential bullish momentum. However, it is currently facing denial from both 21-day and 50-day moving averages, acting as major levels of resistance … pic.twitter.com/rutfqfr3xk
– Cryptopulse (@pulse_crypto_) May 7, 2025
Every coingecko Data, The largest crypto by market cap bitcoin reached 2.4% intraday. The coin is at a phase of integration -including after rally for a while in late April up to $ 90,000.
Bitcoin is the trading above just $ 96,800 zone immunity and that -oscillating on a tight range, but the overall structure remains bullish. It continues to hold a $ 91,000 support level, which is more than both 100-day and 200-day moving averages. No major signs of bearish return or a deeper pullback can be seen on the sun -day chart.
Corporate America fights trade uncertainty
Many US companies have reportedly assessed the “damage” produced by tariffs and geopolitical uncertainty, and are more likely to change their forecasts for fiscal year 2025.
Automaker Ford hopes that tariffs can reduce one of the major steps in the cost of $ 1.5 billion. Ford shares surprisingly up to 2.7% before markets open on Wednesday.
Giant Mattel toy saw a 2.8% gain after revealing plans to raise prices and transfer production outside China to oppose an expected $ 270 million burden of tariff.
The US Fed meeting is engaged
Meanwhile, attention is returning to the Federal Reserve, with the two -day policy meeting began Tuesday. The Central Bank is expected to be stable with interest rates, but markets are awaiting the press conference of the Fed Chair Jerome Powell for any view of the Fed's stance on inflation and economic risks that came from the trade conflict.
According to the CME's Fedwatch tool, the futures priced at a 97% chance that the Fed would maintain its current rate.
In the bond market, a $ 42 billion auction of 10-year Treasury notes is in high demand. Non-induced bidders snap 91.1% of the release, the highest percentage since February 2023. According to the over-the-counter interbank Quotes, The yield of the 10-year note fell and arranged around 4.305% during this publication time.
Key wire difference: Used tool's secret tool projects to get guaranteed media range
