Wall Street stocks advanced on Tuesday as markets hoped for progress in US-China trade talks while digesting the World Bank’s lowered economic growth forecast.
A second day of high-level talks between the United States and China in London stretched into the evening on Tuesday without any concrete announcement.
The Dow Jones finished up 0.3 percent at 42,866.
The S&P 500 climbed 0.6 percent to 6,038, while the Nasdaq also gained 0.6 percent to 19,715.
The negotiations aim to keep the world’s biggest two economies on course for an accord after each side earlier this spring imposed draconian tariffs on each other.
Citing trade tensions and the resulting policy uncertainty, the World Bank lowered its 2025 projection for global GDP growth to 2.3 percent in its latest economic prospects report, down from 2.7 percent expected in January. (AFP)
