by Stephen Culp

(Reuters) – The New York Stock Exchange ended higher on Thursday as investors reviewed a series of company results and concerns evolved over geopolitical issues.

The Dow Jones index gained 0.31%, or 144.20 points, to 46,734.61 points. The broader Standard & Poor’s 500 gained 39.04 points, or 0.58% to 6,738.44 points. The Nasdaq Composite advanced 201.40 points, or 0.89%, to 22,941.798 points.

The indices notably rose after the White House confirmed that US President Donald Trump would meet his Chinese counterpart Xi Jinping next week during his tour of Asia.

Trade tensions between Washington and Beijing have increased in recent days and the announcement of a meeting between the American and Chinese leaders seemed to calm them.

“The confirmation of Trump-Xi is obviously positive,” said Zachary Hill, chief portfolio manager at Horizon Investments. “This is a good indicator of sentiment, which has fluctuated a lot in trading and is clearly playing a role today.”

“What’s more, the results have been good in general,” he added.

In terms of values, Tesla ended up, erasing the losses recorded earlier in the session, the manufacturer having reported a record turnover in the third quarter but a profit considered disappointing.

Tesla also kicked off the series of financial results from the “Magnificent Seven”, the group of tech giants which represents nearly 35% of the weighting of the S&P 500 and which therefore has the power to dictate the next direction of the market.

IBM, for its part, fell after reporting a slowdown in growth in its key cloud software segment, thus eclipsing its better-than-expected quarterly results.

Honeywell made progress, with the group raising its profit forecast for this year, thanks to an increase in orders in all its business sectors, which reached a record level.

American Airlines was also up after raising its profit forecast for 2025. Southwest Airlines fell although the group published an unexpected profit for the third quarter and said it expects record turnover for the current quarter thanks to improving travel demand.

T-Mobile also declined, although the carrier said it gained 1 million monthly subscription-paying mobile subscribers in the third quarter.

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(with Pranav Kashyap and Twesha Dikshit; Camille Raynaud)

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