investingLive Americas market news wrap: US stock markets rip to fresh records

China and Germany downplayed tensions after German Foreign Minister Johann Wadephul cancelled a planned Beijing visit amid friction over trade curbs and Russia. Both sides stressed dialogue and the importance of maintaining strong economic ties.

World stocks hit new highs on trade optimism; Argentina surges 20%+ on election win. Watch for US-China deal déjà vu.

ETHZ jumps 14% as meme stock influencer pushes buybacks; trades at 70% NAV. CEO confirms $40M share repurchase.

Morgan Stanley says dollar positioning has turned positive for the first time since early 2025, citing investor confidence in the U.S. outlook and political risks abroad. But the bank warns the rally could fade if U.S. data weaken.

QCOM surges 11% on AI chips; KDP up 7.7% on sales. NEM drops 5.7% as gold dips. ALB down 8.9% on divestiture.

ICYMI – Bessent has named five finalists for Fed chair. Waller, Bowman, Hassett, Warsh, and Rieder. Just waiting for the evening gown round I guess.

S&P 500 +1.2%, Nasdaq +1.9% hit records on US-China hopes & Fed watch. Gold dips. Year-to-date gains strong!