Lutnick Says U.S.-China Trade Talks Going Well; S&P 500 Hits Highest Since February, Tesla +5%, Nvidia Near $145

U.S. Commerce Secretary Lutnick reported that the ongoing U.S.-China trade talks are progressing very well, with hopes to conclude the negotiations by the evening of June 10, 2025, although discussions could extend into Wednesday if necessary. Following these remarks, major U.S. stock indices and China-focused indexes showed gains. The S&P 500 reached its highest level since February, Tesla shares rose by 5%, and Nvidia shares approached $145. The Nasdaq Golden Dragon China Index increased by approximately 0.4%, while the S&P China Select ADR Index rose by 0.3%, reflecting positive market sentiment toward the trade discussions.