Wall Street’s main indexes posted record closing highs for the second day in a row today as investors were hopeful about the prospects for a U.S.-China trade deal and looked forward to a week packed with high-profile technology earnings and a widely expected U.S. interest rate cut.

President Donald Trump and his Chinese counterpart Xi Jinping are due to meet on Thursday to decide on a framework that could pause tougher U.S. tariffs and China’s rare-earth export curbs, easing market jitters around a trade war and sending Wall Street’s “fear gauge” VIX down to a one-month low.

During weekend TV appearances, U.S. Treasury Secretary Scott Bessent talked about agreements around China buying U.S. soybeans and its rare-earth exports after two days of trade talks in Malaysia.

Along with the upc

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