US market today: Stocks edge higher as Fed meet, China tariff talks weigh; JetBlue, SoFi jump while Merck, UnitedHealth drag
Tuesday, 29 July 2025 () Wall Street saw modest gains, with the S&P 500 and Nasdaq reaching new highs, as investors awaited the Federal Reserve's rate decision and developments in US-China trade talks. JetBlue and SoFi Technologies surged on strong results, while Merck and UnitedHealth Group declined after disappointing earnings. Negotiations continued in Stockholm amid tariff deadlines.
US and China prepare to extend tariff pause after Stockholm talks
US Treasury Secretary Scott Bessent says President Trump must approve the pause before it can go ahead.
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President Trump has announced the finalization of a major trade agreement with China, declaring "It's done." The deal includes upfront rare earth mineral supplies from China, a long-standing sticking..