US stocks surged today after US and Chinese negotiators reached a tentative trade agreement in Malaysia. The S&P 500, Dow Jones, and Nasdaq 100 all posted gains. The deal includes delaying US tariffs on Chinese imports and China’s commitment to buy US soybeans and not restrict rare earth metal exports. The FOMC meeting and earnings reports are in focus this week.

Treasury Secretary Bessent narrowed down the candidates for the next Fed Chair, expected to be announced by year-end. The government shutdown continues, impacting economic data releases. The Magnificent Seven stocks report earnings this week, with strong results expected. Trade tensions with Canada escalate due to a tariff dispute over an anti-tariff advertisement released by Ontario.

Chip stocks, crypto stocks, and other sectors saw gains today. Avidity Biosciences surged after Novartis announced a $12 billion acquisition. Huntington Bancshares agreed to buy Cadence Bank for $7.4 billion. Keurig Dr Pepper raised its sales guidance, while Lululemon Athletica announced a partnership with the NFL. Robinhood stock rose after a positive rating from CICC, while Newmont and Boeing faced challenges.

European bond yields are stable, and the markets anticipate a rate cut at the upcoming FOMC meeting. Overseas stock markets are also up. Earnings reports from a variety of companies are expected today, with a focus on strong Q3 results. Interest rates, stock movements, and global market trends are shaping investor sentiment amid ongoing trade negotiations and economic data delays.

Read more at Nasdaq: Stocks Rally on US-China Preliminary Trade Agreement