Markets Rally to Fresh Highs on Optimistic Trump-Xi Talks
U.S. stocks surged to fresh records as day one of the Trump-Xi summit boosted optimism in trade and tech, with the SPY and QQQ leading the rally, Nvidia chip sales to Chinese firms approved, and Cerebras IPO fueling sentiment; retailers posted a 0.5% April gain, while Cisco and Broadcom rose on earnings and target upgrades, even as Xi warned of potential Taiwan tensions.