Wall Street futures hit records as traders price progress in U.S.–China talks

U.S. equity futures climbed to record levels as optimism over U.S.–China trade progress and upcoming Big Tech earnings buoyed risk sentiment. Reuters and the Financial Times reported investors are watching Trump–Xi developments and potential tariff rollbacks, while Japan’s Nikkei crossed 50,000, reinforcing global momentum. Focus turns to the Federal Reserve meeting amid broad expectations for another quarter-point cut. Energy and technology shares led gains in Asia, and Europe hovered near highs. Traders said a benign inflation backdrop and resilient earnings could extend risk appetite into quarter end.