US stock indexes exhibited varied performances, with the S&P 500 index erasing all year-to-date losses and turning positive. The Nasdaq Composite Index also rose, whereas the Dow Jones Index declined, primarily due to the drag from UnitedHealth Group. Progress in China-US economic and trade negotiations provided a boost to the market, and the meeting between President Trump and the Saudi Crown Prince further fueled the stock market's rally. NVIDIA's stock price surged significantly following a chip sales agreement, and other chip stocks strengthened in tandem. Additionally, the April CPI data in the US fell, indicating easing inflation pressures, which could potentially prompt the Federal Reserve to cut interest rates sooner. Large-cap technology stocks generally advanced, while Chinese concept stocks exhibited mixed performances.
