Dow Reaches New Highs Amid US-China Talks; Cathie Wood Sells AI Stocks

The stock market closed at record highs following positive news from a US-China phone call between Trump and Xi, with major indexes like the Dow, S&P 500, and Nasdaq gaining, while some stocks like Cathie Wood's AI holdings and Scholastic faced declines. The market was influenced by a trade deal outlook, interest rate cuts, and earnings reports, with notable movements in tech, gold, and transportation stocks.