U.S. stock index futures climbed early Wednesday after signs emerged that trade negotiations between the U.S. and China are officially back on the table—though investor enthusiasm remains cautious ahead of the Federal Reserve's policy meeting.

• Dow Futures: +200 pts (+0.5%)

• S&P 500 Futures: +26 pts (+0.5%)

• Nasdaq 100 Futures: +100 pts (+0.5%)

U.S.-China Relations Begin to Thaw

The U.S. Treasury confirmed that Secretary Scott Bessent and Trade Representative Jamieson Greer will meet China's Vice Premier He Lifeng in Switzerland on May 8, marking the first formal engagement since April's tariff escalation.

This development comes as both economies suffer from weak data, heightening the need to resolve trade frictions that threaten global growth.

Macro Worries Linger Ahead of Fed Decision

Despite the boost from trade hopes, investors remain cautious as they await comments from Fed Chair Jerome Powell. Markets expect clarity on interest rate direction and inflation control.

For deeper insight into global economic impact from these trade talks, explore Sector Historical Trends to see which industries are absorbing the most pressure or gaining from policy shifts.