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The S&P 500 Index is up by 0.32%, the Dow Jones Industrials Index is up by 0.40%, and the Nasdaq 100 Index has risen by 0.47% as of today. E-mini S&P futures increased by 0.30%, while E-mini Nasdaq futures grew by 0.42%. This upward trend follows President Trump’s indication that he may reduce tariffs on Chinese goods from 20% to around 10% amid improving trade relations.
Today, the U.S. Federal Reserve is expected to cut the federal funds target range by 25 basis points to 3.75%-4.00%. Additionally, 640,000 federal employees are estimated to be furloughed due to a government shutdown now entering its fifth week.
In corporate news, Nvidia stock surged over 4% following discussions about trade and chip access with China. Meanwhile, Teradyne and Seagate Technology both reported better-than-anticipated quarterly earnings, boosting their stocks by over 15%.
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