Wall Street saw positive movement on Wednesday as markets responded to news of trade discussions between the United States and China. The S&P 500 edged up by 0.32%, reversing recent downward pressure after a couple of days of losses, spurred by market uncertainty regarding tariffs. The Nasdaq rose 0.29% while the Dow Jones Industrial Average gained more than 200 points as investors shifted their focus to the Federal Reserve’s interest rate decision expected later in the day. This positive move marks a potential end to a two-day losing streak, although cautious sentiment remains due to the uncertainty surrounding tariffs. However, optimism fueled by the prospect of formal trade talks between the two countries buoyed market sentiment as futures linked to the three major indexes surged. 0 Analysts anticipate clarity from these discussions would be welcomed, but given the low probability of significant progress in the coming weeks, a cautious outlook prevails. Investors are closely watching developments on the tariffs front. 177,000 jobs were added in April according to the Bureau of Labor Statistics (BLS), exceeding expectations at 138,000 and with unemployment remaining steady at 4.2%. While this robust data was released, concerns over tariffs persist. Robert Kaplan, vice chairman of Goldman Sachs and former president of the Dallas Fed, highlighted that resolution of tariff issues is crucial before the U.S. economy further slows down. Key market attention currently rests on the Federal Reserve’s two-day meeting concluding on May 7th. The decision itself will be analyzed for clues about the central bank’s stance and its outlook on interest rates, with a 96% chance of no change.