On October 28, 2025, buoyed by the easing of US-China trade tensions, the three major US stock indices kicked off the trading day with a collective upward surge, all notching new all-time highs. The Dow Jones Industrial Average climbed 0.66%, the S&P 500 Index advanced 0.93%, and the Nasdaq Composite Index rocketed up 1.44%. Technology stocks were at the forefront of the gains, with industry giants like Apple and Tesla posting substantial increases. Meanwhile, semiconductor stocks also rallied across the board; however, rare earth stocks experienced a collective downturn.

In terms of individual stock performances, Avidity Biosciences witnessed its share price skyrocket by 43.2% after Novartis announced a $12 billion cash acquisition. Lululemon Athletica's stock jumped 4.6% following the announcement of a new partnership. Baidu Intelligent Cloud, which secured the second-largest market share in the Chinese AI cloud market, saw its share price rise by 4.5%. Additionally, WeRide's stock climbed 5.1% after partnering with Uber to launch public Robotaxi operational services in Riyadh.