Wall St scales fresh highs on tech earnings, US-China trade optimism

Wall St scales fresh highs on tech earnings, US-China trade optimism

By Sinéad Carew and Pranav Kashyap

Mon October 27, 2025 6:24 PM  

It was a repeat of Friday with all three indexes jumping right up out the gate with impressive 3-digit gains in both the Dow and Nasdaq which stayed steady all day. Three pieces of good news were at the root – a high degree of confidence that Thursday’s trade talks with China will go well, five of the Magnificent Seven stocks reporting this week to test the viability of AI profitability, and an all but certain coming rate cut. Also new record highs for s second day in a row.  

Qualcomm was today’s leader in the tech surge introducing two new AI chips that will be available next year, shooting its stock up 11% and the overall chip index 2.7%.  Ironically, with the optimism over China, the stocks that suffered were the homegrown rare-earth miners which slumped as much as 14%. Argentine companies also surged huge in the wake of the election of that country’s Libertarian president. At 19.76 billion, volume remains below the 20.85 average. 

DJ: 47,207.12  +472.51      NAS: 23,204.87  +263.07     S&P: 6,791.69  +53.25        10/24

DJ: 47,544.59  +337.47      NAS: 23,637.46  +432.59     S&P: 6,875.16  +83.47        10/27

Mon 10-27-25 6:24 pm Wall St scales fresh highs on tech earnings, US-China trade optimism | Reuters