US stocks were slightly higher on Wednesday, with the S&P 500 adding 0.2%, Nasdaq rising 0.1% and the Dow Jones increasing about 170 points, rebounding after two consecutive sessions of losses.
Investor sentiment was lifted by news that official US-China trade talks are set to take place this weekend in Switzerland, with Treasury Secretary Bessent saying the meeting will focus on de-escalation rather than securing a deal.
However, it could mark a first step toward resolving trade disputes and reducing tariffs. Meanwhile, traders are eagerly awaiting the FOMC decision later today, with close attention on Chair Powell's comments regarding the potential timing of interest rate cuts.
On the corporate front, Disney shares surged more than 9% after the company reported a surprise increase in streaming subscribers. Advanced Micro Devices rose 3.4% after delivering stronger-than-expected quarterly results. In contrast, Uber dropped 6% following a revenue miss.
Source: Trading Economics
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