Wall Street gains some ground in early trading

Most US stock indices gained ground on Friday as recession concerns receded and US-China trade tensions continued to cool.

US two-year treasury yields fell by 3.9 basis points to 3.934%, while 10-year note yields fell by 6.1 basis points to 4.394%, as 30-year note yields fell by 6 basis points to 4.861%.

Despite the temporary US-China trade agreement, concerns remain about high tariffs and their impact on local US businesses.

Fed Chair Jerome Powell warned against the increasing likelihood of supply shocks and higher prices in upcoming years, asserting the Fed will readjust its outlook to accommodate such changes.

JPMorgan CEO Jimmy Damon stated that recession risks remain for the US due to the ongoing impact of tariffs.

On trading, Dow Jones fell 0.1% as of 17:38 GMT, or 74 points to 422,48 points, while S&P 500 rose 0.1%, or 3 points to 5919 points, as NASDAQ added 0.1% to 19,138 points.