Risk-on Still on Ahead of the FOMC Meeting on Tik Tok "Framework Deal"

From Fed intrigue to TikTok deals, investors chase risk; Tech rallies; and gold glitters

Key Takeaways

• Tech Stocks Climb on Trump-Xi Deal Hopes: The Tech space was given an extra bid today by the U.S.-China “framework” agreement on the future of U.S. operations in TikTok — ahead of Friday’s widely anticipated meeting between Donald Trump and Xi Jinping (markets are salivating over the prospect of more “deals”).