S&P 500 Soars 1.6%, Nasdaq Jumps 2.2% on Hopes for US-China Trade Deal

Stocks experienced a significant surge on Thursday, driven by optimism about potential progress in the US-China trade talks. The S&P 500 climbed 1.6%, while the Nasdaq rose 2.2%. These gains were fueled by large tech companies like Nvidia, Meta, Amazon, Tesla, and Microsoft, which all saw an increase of around 2%. Wall Street analysts attribute this rebound to hopes for a resolution in these trade negotiations.