U.S. stock market today surged to fresh record highs as strong earnings and rate-cut hopes fueled Wall Street’s rally. The Dow Jones rose 1%, S&P 500 gained 0.8%, and Nasdaq jumped 1.1%. UPS spiked 7%, Wayfair soared 21%, and PayPal surged 10% after posting better-than-expected results and announcing its new OpenAI partnership. Apple and Microsoft both crossed $4 trillion in market value. Investors are betting on another Fed rate cut this year as Trump-Xi trade optimism adds fresh momentum to the record-setting run.
