Futures on Wall Street have jumped on Tuesday in anticipation of a positive outcome from the trade talks between the US and China that are currently ongoing in London. The first day of talks concluded at 8 PM London time,

S&P 500 futures traded near the benchmark's record highs as talks provide a glimmer of hope for a US-China trade deal.

Citigroup joined major brokerages in raising its year-end target for the S&P 500, citing renewed optimism in corporate earnings resilience and the accelerating momentum of artificial intelligence-driven growth. It sees the benchmark ending the year at 6,300, compare with 5,800 forecast previously.