Overview
On October 13, 2025, U.S. stocks closed higher, recovering from recent declines. This rebound was bolstered by hopeful developments in trade talks and easing geopolitical tensions.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
A Major News Story
President Trump's softer rhetoric on social media regarding U.S.-China trade relations prompted market optimism. Treasury Secretary Steven Mnuchin also indicated progress, mentioning a potential meeting between Trump and President Xi. These statements relaxed market tensions and fueled a surge in semiconductor indices.
Tomorrow's Economic Indicators
| Time | Event |
|---|---|
| 09:00 | U.S. September NFIB Small Business Optimism Index |
| 10:15 | U.S. Johnson Redbook Retail Sales Index |
| 13:20 | Fed Chair Powell Speech |
| 14:25 | Fed Governor Waller Speech |
| 14:30 | Fed President Collins Speech |
General Opinion
While the relaxation of trade tensions is viewed positively, underlying uncertainties persist, particularly with the ongoing U.S. government shutdown. The upcoming earnings season, starting with major banks, will play a crucial role in determining market trends. Fed Chair Powell's speech is highly anticipated as it may provide further insight into economic conditions. Despite the recent rally, caution remains, with the market's sensitivity to trade and earnings reports expected to continue.
