S&P 500 Gains as Lutnick Signals US-China Progress: Markets Wrap

Wall Street investors closely monitoring trade discussions between the US and China drove stockshigher as Commerce Secretary Howard Lutnick said negotiations went really, really well. Treasuries and the dollar saw small moves ahead of a key inflation report.

The S&P 500 finished less than 2% away from its record. Tesla Inc. led gains in megacaps. JM Smucker Co. sank the most in nearly four decades after saying tariffs increasing costs in its coffee business will hurt profit. Bondsbarely budged after a $58 billion sale of three-year notes. That’s the first in a trio of offerings that will ...