Wall Street’s major indexes reached record highs on Monday, driven by optimism over a potential U.S.-China trade deal that encouraged risk-taking ahead of a week packed with Big Tech earnings reports and an anticipated Federal Reserve interest rate cut. U.S. President Donald Trump and Chinese President Xi Jinping are scheduled to meet on Thursday to outline the framework for an agreement aimed at halting steeper U.S. tariffs and China’s export restrictions on rare earths. Reuters:
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Monday, October 27, 2025
Wall Street hits new highs on U.S.-China trade optimism
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