Wall Street hover near record highs; investors eye Fed decision, Trump-Xi meeting

US stocks traded near record highs as investors awaited the Federal Reserve's policy decision and a meeting between Presidents Trump and Xi. Market optimism for a Fed rate cut fueled gains, with notable corporate news including UPS and PayPal's strong performances and Skyworks' merger announcement.

Wall Street hover near record highs; investors eye Fed decision, Trump-Xi meeting
US stocks traded near record highs as investors awaited the Federal Reserve's policy decision and a meeting between Presidents Trump and Xi. Market optimism for a Fed rate cut fueled gains, with notable corporate news including UPS and PayPal's strong performances and Skyworks' merger announcement.