S&P 500 hits new high amid Trump and Xi summit in China
Photo: X / NYSE
The main U.S. stock indices began trading on Ma 14 on the positive territory, and the broad index of U.S. stocks S&P 500 reached a new all-time high, paid attention to MarketWatch. Such results U.S. stocks managed to achieve on the background of the summit of U.S. President Donald Trump and Chinese President Xi Jinping, which began this week in China, as well as the renewed growth of securities of technology companies. This, among other things, contributed to the positive reporting Cisco Systems, as well as - the largest so far IPO 2026 - shares on Nasdaq placed chipmaker-competitor Nvidia - Cerebras, writes Bloomberg.
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Against this background, the S&P 500 added 0.45% in the first minutes of trading, jumping to 7478.83 points - a new all-time high. Meanwhile, the tech-heavy Nasdaq Composite rose 0.43%, the Dow Jones blue-chip index gained 0.49%, while the Russell 2000 index of small and mid-capitalization companies rose 0.35%.
Brent crude oil with delivery in July is down 0.46% against the previous close - it costs just over $105 per barrel. Contracts for American WTI are down 0.3% - traded at $100.7.
The VIX Volatility Index, also known as the "Wall Street Fear Index," in turn jumped 0.9% to 18 points - any value above 20 indicates heightened volatility in the markets.
Spot gold is losing a symbolic 0.12% to $4683 per ounce. Silver is down by 3.47% to $84.5. HSBC analysts recently said that the metal, in their estimation, is "fundamentally overvalued" and may deviate from gold in the trajectory of its quotes (quoted by CNBC). Pressure on silver, according to HSBC, could start to come from "lower industrial demand and increased supply." However, not everyone on Wall Street agrees with this position, CNBC notes. Thus, the chief strategist of BNP Paribas Fortis Philippe Gijsels told the channel on Ma. 7 that he considers the decline in gold and silver prices as a "consolidation phase." "We expect the resumption of a long-term bullish trend in gold and silver prices and expect the metals to reach new historic highs in the near future, possibly as early as this year," he added.
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