US markets opened higher on Tuesday amid renewed optimism over a potential US-China trade deal, with President Donald Trump expected to meet Chinese President Xi Jinping. Investors are also keeping a close watch on the Federal Reserve’s meeting, led by Chair Jerome Powell, for signals of a possible interest rate cut.
In early trading, the Dow Jones Industrial Average climbed 200.88 points (0.42%) to 47,745.06, the S&P 500 added 9.94 points (0.14%) to 6,884.15, and the Nasdaq Composite advanced 114.33 points (1.47%) to 223,754.88.
