Apple, Meta, Microsoft lead an earnings wave while a Fed rate cut and a Trump-Xi meeting loom in a huge market week.

Dow just smashed another record. Up 500 points in a single day — that’s one of the biggest jumps of 2025. Why? Because inflation cooled, earnings impressed, and investors rushed back in. The Dow Jones now sits above 43,

U.S. stock futures were little changed early Wednesday, signaling a cautious open as investors weighed geopolitical uncertainty against a busy slate of corporate earnings. Renewed doubts over U.S.–China trade relations added a layer of tension to the market tone following fresh remarks from President Donald Trump.

Futures rise with Intel and AI play Comfort Systems big earnings winners. Trump cuts off Canada trade negotiations with China talks set to start. CPI inflation due.

Stock futures pointed higher Friday before the release of September inflation data that has been delayed because of the ongoing U.S. government shutdown.

The S&P 500 rose 0.8% and topped its prior all-time high, which was set earlier this month. The Dow Jones Industrial Average rallied 472 points, or 1%, and the Nasdaq composite climbed 1.1%. Both also set records.

NASDAQ tested new highs as traders focused on dovish Fed policy outlook. Dow Jones climbed above the 47,000 level.

The blue-chip Dow Jones Industrial Average was having a strong day compared with its peers. While the Nasdaq Composite was down about 0.2% and the S&P 500 was flat, the Dow was up 0.6%. Shares of Salesforce,