Stocks Rally On Easing China Trade Tensions

MRKT Matrix - Monday, October 27th

• S&P 500 rallies 1% to notch first close ever above 6,800 on potential China trade truce (CNBC)
• Costs to Hedge the $16 Trillion S&P 500 Rally Rise Ahead of Fed (Bloomberg)
• Trump Considers Fed Chair Selection by Year-End from Slate of Five Finalists (WSJ)
• Qualcomm Debuts Chip to Rival Nvidia in AI Accelerator Market (Bloomberg)
• Exclusive: US Department of Energy forms $1 billion supercomputer and AI partnership with AMD (Reuters)
• Exclusive: Amazon targets as many as 30,000 corporate job cuts, sources say (Reuters)
• AI isn't taking banking jobs, Goldman Sachs CEO says (Axios)
• US companies strike $80bn in mergers as Trump boosts dealmaking (FT)

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MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets

Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs