Dow Jones Rises on Positive Trump-Xi Call and TikTok Deal Approval

The Dow Jones Industrial Average (DJIA) regained positive momentum following President Trump's disclosure of a constructive phone conversation with Chinese President Xi Jinping. This marks their first dialogue since June and coincides with a framework agreement to maintain TikTok's operations in the U.S., endorsed by both leaders. TRUMP extended the TikTok ban deadline by 90 days to December 16.

Trade, fentanyl control, and the Ukraine conflict were among the key topics discussed. Plans for an in-person meeting at the APEC Summit in South Korea were confirmed, with reciprocal visits slated for 2024. Meanwhile, the Federal Reserve's recent 25 basis point rate cut has markets anticipating further easing, with an 80.4% probability of two additional cuts by year-end.