Wall Street Soars Amid U.S.-China Trade Expectations and Big Tech Earnings

Wall Street's main indices broke records on Monday, driven by optimism over a potential trade deal between the United States and China. The anticipation encouraged risk-taking at the start of a week marked by key earnings reports from major technology firms and the possibility of a Federal Reserve rate cut.

President Donald Trump and China's Xi Jinping are scheduled to meet to discuss frameworks for a deal to ease tariffs and export controls. The Dow Jones Industrial Average, S&P 500, and Nasdaq all posted significant gains as the VIX, a measure of market volatility, dropped to a one-month low.

U.S.-listed shares of Chinese companies surged, while rare earth miners faced declines. Notable moves include a rise in the S&P's consumer discretionary index and record highs in the tech sector, with Intel and Super Micro Computer leading the charge. Investors await the Fed's next moves and how Big Tech earnings will impact the market's trajectory.