US stock futures and the US dollar halted their bullish rally after Treasury Secretary Scott Bessent said in a televised interview that US-China talks were just beginning and that there were still risks on the tariff front. The official said tariffs were unlikely to fall below 10%, but the government did not want further escalation with China, so it would seek a favorable trade resolution.
The restrained announcements, however, somewhat halted today’s strong gains.

Source: xStation
Daily Summary: SpaceX and the tech sector drive Wall Street, oil retreats sharply below $97
US OPEN: Preparations for Tesla's mega-merger with SpaceX. Diplomatic stalemate with Iran cools Wall Street's enthusiasm
RBA turns increasingly hawkish as markets reprice November rate hike expectations ⚔️
Daily Summary: Buyers Refuse to Give In