US market today: Stocks edge higher as Fed meet, China tariff talks weigh; JetBlue, SoFi jump while Merck, UnitedHealth drag

Jul 29, 2025 - 20:30
US market today: Stocks edge higher as Fed meet, China tariff talks weigh; JetBlue, SoFi jump while Merck, UnitedHealth drag

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Wall Street saw modest gains, with the S&P 500 and Nasdaq reaching new highs, as investors awaited the Federal Reserve's rate decision and developments in US-China trade talks. JetBlue and SoFi Technologies surged on strong results, while Merck and UnitedHealth Group declined after disappointing earnings. Negotiations continued in Stockholm amid tariff deadlines.

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