Trump-Xi summit lifts markets to new heights. The S&P 500 closed above 7,500 for the first time while the Dow jumped 370 points to reclaim 50,000, driven by optimism from the U.S.-China summit in Beijing. President Trump and Xi Jinping signaled easing trade tensions, with China agreeing to order 200 Boeing jets and Xi telling American CEOs the country will open wider to foreign investment. Both leaders aligned on keeping the Strait of Hormuz open for energy flows. Meanwhile, AI chipmaker Cerebras surged 68% in its Nasdaq debut, reaching a 95 billion dollar market cap. SpaceX's IPO prospectus could arrive next week in what's expected to be a record offering. Markets will closely watch the summit's final day to assess broader implications for trade, technology, and energy sectors.
