Bitcoin Slides Up To 8% As Tech Sell-Off Drags South Korea’s Kospi Down Nearly 4%
Wall Street Hits Record Highs as U.S.–China Trade Optimism and Tech Rally Lift Markets
Last Updated: 28th October 2025 - 03:45 pm
Summary:
Summary:
Wall Street hit record highs Monday on optimism over U.S.–China trade progress and strong tech gains. The Dow rose 0.71%, the S&P 500 1.23%, and the Nasdaq 1.86%. Hopes for a new trade framework and upbeat AI chip announcements from Qualcomm and NVIDIA lifted sentiment, while rare-earth miners slipped. Markets now await the Fed’s expected rate cut and Chair Jerome Powell’s comments for further cues.
Wall Street’s major indexes recorded fresh highs on Monday as optimism mounted over a potential breakthrough in trade relations between the U.S. and China, combined with strong momentum in the technology sector.
The Dow Jones Industrial Average climbed 0.71% to close at 47,544.59, the S&P 500 rose 1.23% to 6,875.16 (its first ever close above the 6,800 level) and the Nasdaq Composite surged 1.86% to 23,637.46.
Investor sentiment was buoyed by remarks from U.S. Treasury Secretary Scott Bessent following trade talks in Malaysia, suggesting that a framework could be set soon for easing tariffs and curbing China’s rare-earth export restrictions ahead of a meeting between Donald Trump and Xi Jinping later this week.
Meanwhile, technology stocks led the charge. The communication services sector and the Philadelphia Semiconductor index each notched strong gains, boosted by the latest product announcements from chip firms. Qualcomm jumped 11% after unveiling two new AI data-centre chips slated for release next year; NVIDIA Corporation also rose 2.8% on continued enthusiasm around AI investment.
Despite the upbeat tone, not every sector benefited: rare-earth miners shed ground, as hopes for a U.S.–China framework raised the prospect of fewer supply-chain disruptions.
With the Federal Reserve widely expected to cut interest rates this week, attention is now shifting to commentary from Chair Jerome Powell on whether a further cut could follow in December – a signal that the rally may hinge on policy as well as trade and tech developments.
- Flat ₹20 Brokerage
- Next-gen Trading
- Advanced Charting
- Actionable Ideas
Trending on 5paisa
Global Market Related Articles
Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.
5paisa Capital Ltd