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

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,

Investor sentiment is being buoyed by U.S.-China trade talks in London and downward revisions to U.S. payroll estimates—suggesting the Fed may consider cutting interest rates later this year, a move typically supportive for stocks.