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

Group 1 - Global stocks experienced a rally, reaching a fresh intraday record, driven by optimism surrounding a potential trade deal between China and the U.S. [1][3] - U.S. stocks showed strong gains, with all three major indexes hitting new intraday records, particularly led by technology stocks, including a notable surge of over 12% in Qualcomm shares following the announcement of two new AI chips [4][6] - Earnings reports from major companies, referred to as the "Magnificent Seven," are anticipated, with investors keenly observing if these results will justify the current elevated valuations [5] Group 2 - The Dow Jones Industrial Average rose by 225.66 points (0.48%) to 47,432.96, the S&P 500 increased by 69.92 points (1.03%) to 6,861.53, and the Nasdaq Composite climbed by 402.25 points (1.73%) to 23,607.11 [6] - The MSCI global stock gauge increased by 9.9 points (0.99%) to 1,011.26, marking its third consecutive session of gains, while the pan-European STOXX 600 also closed at a fresh record [6] - Argentina's Merval index surged by 445,602.10 points (21.46%) to 2,522,460.68, reflecting a positive market reaction to the recent midterm election results, which are crucial for maintaining economic reforms [7]