Wall Street hover near record highs; investors eye Fed decision, Trump-Xi meeting

Oct 28, 2025 - 21:30
Wall Street hover near record highs; investors eye Fed decision, Trump-Xi meeting

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US stocks traded near record highs as investors awaited the Federal Reserve's policy decision and a meeting between Presidents Trump and Xi. Market optimism for a Fed rate cut fueled gains, with notable corporate news including UPS and PayPal's strong performances and Skyworks' merger announcement.

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