Stocks hit record, dollar eases on US-China trade optimism

Group 1 - Global stocks reached a new intraday record, driven by optimism over a potential trade deal between China and the U.S. [1][2] - A framework for the trade deal was established by top economic officials from both countries, with a meeting scheduled for Thursday between President Trump and President Xi Jinping [2][3] - The trade deal is expected to alleviate concerns regarding U.S. tariffs and Chinese export controls on rare earths, which could stabilize investor sentiment [3] Group 2 - U.S. stock markets showed solid gains, with all three major indexes hitting new intraday records, particularly boosted by technology stocks [4] - Qualcomm's shares surged by 18% following the announcement of two new artificial intelligence chips for data centers, set for commercial availability next year [4] - The upcoming Federal Reserve meeting is anticipated to result in a 25 basis point rate cut, which could significantly impact market expectations [5] Group 3 - The Dow Jones Industrial Average increased by 247.49 points (0.52%) to 47,454.61, the S&P 500 rose by 60.89 points (0.90%) to 6,852.58, and the Nasdaq Composite climbed by 344.72 points (1.48%) to 23,549.00 [6] - MSCI's global stock gauge rose by 8.90 points (0.89%) to 1,010.27, marking its third consecutive session of gains [6] - The pan-European STOXX 600 index also experienced a rise of 0.23% [6]