Forbes·2025-10-27 20:45Group 1: Market Performance - The S&P 500 reached a record high of 6,875, closing up 1.2% and maintaining weeks of positive momentum [1] - The Nasdaq Composite, driven by tech companies like Tesla (up 4.3%), Alphabet (up 3.6%), and Nvidia (up 2.8%), closed up almost 2% at a new record high of 23,637 [3] - The Dow Jones Industrial Average also closed at a record high of 47,544 points, increasing by 0.7% [3] Group 2: Gold Market Reaction - Gold futures fell below $4,000, dropping more than 3% on the day, marking its fifth price drop in the last six trading sessions [2] - The decline in gold prices followed a significant drop of over 5% on Tuesday, the largest single-day decline in more than a decade, as investors took profits after a historic surge [2] Group 3: Trade Relations and Implications - The U.S. and China reached a framework for a trade deal, potentially averting the 100% tariffs threatened by President Trump [3] - The trade discussions are set to continue with a meeting between President Trump and President Xi Jinping [4] - A successful trade deal could delay China's rare earth export requirements and may include the resumption of Chinese purchases of American soybeans, which have not occurred since April [6]