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Options trader Brian Garvey, left, works on the floor of the New York Stock Exchange, Monday, Oct. 20, 2025. (AP Photo/Richard Drew)

Wall Street rallies toward more records as gold’s price slumps again

Stocks are rallying toward more records ahead of a week packed with potentially market-moving events. The S&P 500 rose 1% Monday. The Dow Jones Industrial Average added 258 points, and the Nasdaq composite jumped 1.6%. Stocks also climbed in Asia ahead of a meeting on Thursday between the heads of the United States and China. The hope is that the talks could clear rising tensions between the world’s two largest economies. This upcoming week will feature profit reports from some of Wall Street’s most influential companies and a meeting by the Federal Reserve on interest rates. Gold fell back toward $4,000 per ounce.

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