Dow Hits Record Highs on US-China Trade Deal Optimism

U.S. stock markets reached new all-time highs driven by optimism over constructive U.S.-China trade talks ahead of a leaders' summit scheduled for later this week. The Dow Jones, S&P 500, and Nasdaq Composite all posted record closes, fueled by gains in technology, semiconductor, and agricultural sectors amid expectations of eased tariffs and renewed trade flows. Treasury Secretary Scott Bessent described the trade framework as "very successful," with key issues including China's export restrictions on rare earth materials and a potential resolution of the TikTok dispute. President Trump expressed confidence in reaching a deal, which is expected to halt tariffs and improve agricultural exports, providing relief to U.S. farmers. Despite the rally, gold and silver prices fell due to reduced safe-haven demand and a stronger U.S. dollar, although both metals remain up significantly year-to-date. Investors remain cautious, awaiting the final agreement and upcoming Federal Reserve policy decisions amid an active earnings season.