By Angus Berwick
Stocks are back in the black for 2025, with gloom over the trade war giving way to optimism about potential deals and U.S. economic resilience.
Futures were little changed early Wednesday. The S&P 500 clawed its way back into positive territory for the year yesterday, buoyed by signs of cooling inflation and a tech-stock rally.
The index has now rebounded 18% from its lowest closing level this year, recorded in early April when investors panicked over President Trump's tariff blitz. Other indexes are still modestly underwater.
Up ahead, investors will be watching for comments from two Federal Reserve officials, Governor Christopher Waller and Vice Chair Philip Jefferson. And Cisco is due to report earnings after the closing bell.
President Trump continues his tour of the Middle East.
In recent market action:
--Stock futures were flat to modestly lower.
--Benchmark Treasury yields inched down, after settling Tuesday at 4.498%.
--The dollar sold off for a second day, as the euro, Japanese yen and South Korean won all strengthened.
--Hong Kong stocks jumped, with tech stocks helping lift the Hang Seng Index more than 2%. Elsewhere, the Stoxx Europe 600 and Japan's Nikkei 225 slipped.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
May 14, 2025 05:58 ET (09:58 GMT)
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