The major averages were higher today as the trade tariff discussions with China continue to progress in London. The Dow Jones Industrial Average rose 105 points or 0.25%. The S&P 500 rose 32 points or 0.55% while the Nasdaq Composite rose 123 points or 0.63%.

Talks between U.S. and Chinese officials in London continued for the second day. U.S. Commerce Secretary Howard Lutnick said on Tuesday that the discussions are “going well.”

Tech and chip stocks are benefitting from the talks with China. Big cap tech are higher for the most part. Telsa was up 5% rebounding from the spat between Musk and President Trump. Tensions have eased while Tesla begins the rollout of their robotaxis in Austin Texas.

Telecom is having a good day as Disney will pay Comcast $439 million for full control of Hulu. Netflix is the only streaming service lower today.

Energy stocks continue their recent upward trend. Exxon and Chervon are up 2% even as oil is lower today. Gold is quiet today while bitcoin is up a percent moving back toward all time highs.

Stocks have rallied so far in June as investors remain hopeful about ongoing global trade discussions and overall strength in the market. Gains have been powered by strong corporate earnings results and a revival in tech stocks, given the recent slew of artificial intelligence announcements.

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