US stocks climb as investors hang hopes on stimulus progress and US-China trade talks | Markets Insider

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US stocks climb as investors hang hopes on stimulus progress and US-China trade talks

reported late Tuesday that senior US and Chinese officials will discuss the countries'"phase one" trade deal on August 15, six months after the agreement was made. News of the talks comes after recently inflamed tensions between the economic superpowers spooked markets.helped boost major indexes in early trading. The company posted a surprise profit of 8 cents per share and announced it surpassed 100 million subscribers across its Disney Plus, ESPN+, and Hulu streaming services.

High-flying Nikola Motors sank in early trading after the company missed expectations in its first-ever earnings report. The automaker's quarterly loss swelled to $86.6 million from $16.8 million in the year-ago period. Losses per share reached 16 cents compared to the analyst estimate of 13 cents. Analysts on Nikola's earnings call pressed the firm for not revealing more details on future sales or product rollouts.

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