*WHAT HAPPENED OVERNIGHT* -> U.S equities rallied on signs of progress in trade talks between U.S. and Chinese officials in London -> SPX +0.55%, Nasdaq +0.63%, Russell 2000 +0.60% -> US Commerce Secretary Lutnick; Talks with China are going "really, really well" -> US Treasury Sec Bessent: "Have to go back to DC to testify before Congress" -> Bessent back to Washington for a scheduled congressional testimony, leaving USTR Jamieson Greer & Commerce Secretary Lutnick to continue the talks with Chinese negotiators -> US & Mexico are said to be close to a deal that would remove Trump's 50% tariffs on steel imports up to a certain volume -> UST 10y yield unchanged at 4.47% -> Dollar Index near 100-levels -> Brent Oil -0.4% to $66.75