Wall Street experienced a modest upswing early Wednesday, fueled by encouraging signs from US-China trade negotiations and a slight rise in US consumer inflation.

In a bold announcement, President Donald Trump declared that "our deal with China is done," following two productive days of talks in London. He did note, however, that certain provisions—particularly those involving rare earths and the admission of Chinese students into US universities—still require presidential approval.

On the economic front, the US consumer price index showed a year-over-year increase of 2.4%, up from 2.3% in April. Analysts pointed out that this modest rise does not fully account for the effects of the tariffs imposed by Trump.

Just minutes into the trading session, the Dow Jones Industrial Average stood at a steady 42,861.97. The S&P 500 saw a slight uptick of less than 0.1%, reaching 6,041.15, while the tech-heavy Nasdaq Composite Index climbed 0.1% to hit 19,743.54.

Market analyst Peter Cardillo from Spartan Capital Securities noted that the latest developments are definitely positive for stocks, though he anticipates that the inflation figures will likely not prompt the Federal Reserve to change its cautious approach to monetary policy.