Wall Street Eyes U.S.-China Summit and AI Leadership Solutions

The preliminary S&P Global manufacturing and services PMIs will be released on the 23rd, followed by the U.S.-China summit on the 24th.

Additionally, the University of Michigan's final September consumer sentiment index will be announced on the 25th.

Late last week, Wall Street finished mixed across the three major indices amid a rebound in semiconductor stocks.

As the market digests the fallout from the benchmark interest rate hike implemented by the Federal Reserve for the first time in three years, New York equities this week are expected to search for direction while facing the U.S.-China summit, Treasury yield trends, and regulatory risks surrounding the AI industry.

The event drawing the market's utmost attention is the U.S.-China summit scheduled for the 24th.

The key question is what solutions the leaders of both nations will seek regarding tariff conflicts and AI technological leadership.

While the Meta Connect 2026 conference kicks off to unveil next-generation technology blueprints, investment sentiment across tech stocks as a whole is expected to diverge amid the recent debate over slowing down AI development and growing regulatory concerns.

Looking at the economic calendar, starting with the S&P Global manufacturing and services PMIs on the 23rd, August new home sales and weekly initial jobless claims will be released sequentially on the 24th.

In particular, the final September consumer sentiment index is scheduled to be announced on the 25th, following a preliminary reading that showed declines for two consecutive months, indicating worsening consumer sentiment.

The market is also keeping an eye on Costco's earnings release scheduled for after the market close on the 24th, as well as a relay of public remarks by key Federal Reserve officials.
※ Please note: This article was translated by AI and may contain errors.