Wall Street's main indexes have posted record closing highs for the second day in a row as investors remain hopeful about the prospects for a US-China trade deal and look forward to a week packed with high-profile technology earnings and a widely expected US interest rate cut.

US President Donald Trump and his Chinese counterpart Xi Jinping are due to meet on Thursday to decide on a framework that could pause tougher US tariffs and China's rare-earth export curbs, easing market jitters around a trade war and sending Wall Street's "fear gauge" VIX down to a one-month low.

During weekend TV appearances, US Treasury Secretary Scott Bessent talked about agreements around China buying US soybeans and its rare-earth exports after two days of trade talks in Malaysia.

Along with the upcoming me

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