Core Viewpoint - Wall Street reacted positively to President Trump's easing of tensions in the trade dispute with China, leading to significant gains in major stock indices [1] Market Performance - The Dow Jones Industrial Average increased by 630 points, representing a rise of 1.4% [1] - The S&P 500 index rose by 1.6% [1] - The Nasdaq Composite experienced a gain of 2% [1] Bond Market - The U.S. bond market was closed due to the observance of Columbus Day [1]

Cryptocurrency Market - Major cryptocurrencies are rebounding, with the total market value climbing over 6% to surpass $4 trillion, driven by comments from President Trump and Vice President Vance signaling openness to a trade deal with China [4][5] - Bitcoin recovered to around $115,000 after dipping below $105,000, while Ether rose to about $4,100 after falling below $3,500 [4] - Notable crypto gainers include XRP (+4%), Binance Coin (+3.3%), and Stellar (+1.3%) [4] Xiaomi Corporation - Shares of Xiaomi Corp dropped over 7% following reports of a car crash involving one of its SU7 electric sedans, which failed to open after a fiery crash in Chengdu, China [7][8] - The company had previously announced a software update for over 115,000 SU7 electric sedans to address potential safety issues related to assisted driving features [8] UPS and Shipping Issues - UPS is facing significant challenges with thousands of U.S.-bound packages stuck in hubs, leading to the disposal of some shipments due to new customs requirements imposed by the Trump administration [9][10] - The end of the "de minimis" tariff exemption has complicated the shipping process, with packages valued at $800 or less now subject to tariffs and fees, causing delays and confusion for customers [10][11] - UPS attributed the issues to "missing or incomplete information" required by new U.S. import regulations, which has contributed to a 30% decline in its stock price this year [11]