Bitcoin jumped from $105,000 to $108,000 on Monday, according to Coingecko data.
The cipher scene responded quickly, but Wall Street climbed more carefully. The S&P 500 rose 0.3%, Nasdaq Composite rose nearly 0.4%, and Dow Jones Industry Average added 106 points.
Trump officials, including Treasury Secretary Scott Bescent, Commerce Secretary of Commerce Howard Lutnick and trade representative Jamieson Greer, sat across from his Reiphen, the deputy Chinese Prime Minister of Lancaster House, the place where Draghi made his 2012 euro pledge.
The meeting came a few days after Donald Trump and Xi Jinping. A month ago, both sides agreed to cut tariffs for 90 days to drive trade talks. Monday's sit-in was the first follow-up.
It was to understand whether China would resume exporting rare earth minerals, and whether the US would then ease restrictions. Kevin Hassett, director of Trump's National Economic Council, told CNBC:
He also said the US expects “Immediately after the handshake, export restrictions from the US will be eased and rare earths will be easily released.”
Chipstock jumps and Apple falls after WWDC
On the technical side, traders place big bets on semiconductors. Qualcomm rose more than 4% after confirming it was buying Chipmaker Alphawave for $2.4 billion.
Shares in Advanced Micro Devices and Texas Instruments each earned more than 4%. The Nvidia was also framed high. If tensions between the US and China fell, investors pushed these names up.
“Investors are today bullish trade in China's large cap and US semiconductor stocks,” said Larry Tentarelli, chief technical strategist at Blue Chip Daily Trend Report.
Alibaba rose 2%, adding to the trend of confidence in China's big names. But not everything has climbed. Apple slipped 1.5% at the 2025 Worldwide Developers Conference, marking its first major iOS redesign in over a decade. It was not enough to just draw in the bulls focused on geopolitics and macrodata instead.
Back in London, Trump's team didn't just chase minerals. By bringing in Howard Luttonick, who controls control over high-tech exports, they showed Trump could potentially turn some of the US technology sales blocks into China. This includes everything from jet engine parts to advanced microchips. message? If China plays the ball in exports, Washington may loosen the grip of its high-tech leash.
Going forward, traders are waiting for inflation numbers. The consumer price index is scheduled for Wednesday, and the producer price index is scheduled for Thursday. Both are expected to show how current tariffs are affecting prices. Investors want clear numbers before placing new bets.
The market also concluded a two-week strong run. The S&P 500 closed above 6,000 on Friday for the first time since February 21st, and now sits below 3% from its record high.
“Stocks are effectively considering the current tariff uncertainty into a more exciting economic situation, as the S&P 500 has been closed above 6,000 for the first time since February.”
