President Donald Trump announced that a meeting took place this morning with China, focusing on trade talks. The specifics of the meeting, including the participants, were not disclosed by Trump, who stated that the identity of 'they'—referring to the meeting's attendees—does not matter and might be revealed in the future. Following the announcement, the Nasdaq 100 reached a new high for the day, increasing by 2%. The S&P 500 (SPY) and Nasdaq (QQQ) also saw gains, rising by 1.80% and 2.40% respectively, indicating a positive market reaction to the news of ongoing trade discussions between the U.S. and China.