Today At A Glance:

Wall Street marched to fresh record highs as optimism around a U.S.–China “framework” for de-escalating trade frictions lifted risk appetite. The S&P 500 gained about 1.2%, the Dow added 0.7%, and the Nasdaq jumped 1.9%, with AI-linked tech pacing the advance. Gold extended last week’s pullback, slipping back below $4,000/oz, while crude edged higher on the same détente headlines. Earnings helped, too—standouts included Qualcomm and Keurig Dr Pepper—and merger chatter in financials and biotech gave breadth a boost. With the Fed decision and a heavy slate of megacap reports ahead, the tape closed near session highs.

Today’s Index Performance:

• Dow Jones Industrial Average — Closed at 47,544.59, up +0.7% on the day (a new record close).
• S&P 500 — Closed at 6,875.16, up +1.2%, also a record.
• Nasdaq Composite — Closed at 23,637.46, up +1.9%, leading the majors.

Gainers Of Note:

• Qualcomm (NASDAQ: QCOM) — Wireless/AI chips; rallied on new data-center AI chip announcements and follow-through AI enthusiasm, making it one of the day’s tech standouts.
• Keurig Dr Pepper (NASDAQ: KDP) — Beverages; popped ~7% after upbeat results and guidance commentary highlighted in market wrap coverage.
• Cadence Bank (NYSE: CADE) — Regional bank; surged on buyout headlines that sparked M&A speculation across parts of financials.

Losers Of Note:

• Organon (NYSE: OGN) — Pharma; fell ~20% after negative headlines weighed on sentiment toward the franchise and outlook.
• Newmont (NYSE: NEM) — Gold miner; slid ~6% as bullion retreated again below $4,000, pressuring the precious-metals complex.
• Gold Fields (NYSE: GFI) — Gold miner; declined alongside the group on the continued pullback in gold prices.

Active Traders Of Note:

• Avidity Biosciences (NASDAQ: RNA) — Biotech; heavy volume on buyout speculation that put the name on “most-active” screens.
• Tesla (NASDAQ: TSLA) — EVs/AI; active as traders positioned ahead of this week’s macro and earnings catalysts for megacap growth.
• Apple (NASDAQ: AAPL) — Consumer tech; brisk trading as indexes pressed records and investors rotated back into mega-cap leaders.

Looking Forward:

Momentum is constructive, but durability now hinges on guidance quality from this week’s mega-cap reports and the Fed’s rate decision. Any concrete progress (or setback) in U.S.–China talks could quickly swing semis, industrials, and commodities. With gold soft and oil bid on improved trade tone, keep an eye on real rates, AI-capex commentary, and cyclical order books for clues to near-term leadership.

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