Overview

• The Dow Jones Industrial Average gained 172.85 points to 46,315.27, setting another record close.
• The Nasdaq Composite added 160.75 points to finish at a record 22,631.48.
• The S&P 500 rose 32.40 points to an all-time closing high of 6,664.36.
• Buying was fueled by investor expectations that the Federal Reserve will resume interest-rate cuts, with optimism that easing would support the U.S. economy.
• Reports that President Donald Trump and China’s Xi Jinping agreed to hold a face-to-face meeting were viewed as an additional positive for risk appetite.