U.S. and European stock markets rise to record levels on Thursday, driven by a technology-led rally that investors view as broadly bullish, despite ongoing U.S.-China discussions in Beijing. According to analysts cited by outlets, sentiment remains predominantly positive as major tech firms benefit from optimism about artificial intelligence and strong market momentum. In the background, U.S. President Donald Trump meets with Chinese President Xi Jinping in a summit that focuses on unresolved issues between the two countries. The early phase of the talks produces few concrete outcomes, but Trump and Xi are expected to address the possible extension of a one-year tariff truce reached at their last meeting in South Korea in October, though an agreement is not assured. Talks are also expected to cover Chinese controls on rare earth and agriculture exports. On Wall Street, major indexes such as the S&P 500 and Nasdaq Composite reach new all-time highs, with individual technology companies gaining as investors react to earnings and guidance. Separately reported examples include Cisco shares rising sharply on better-than-expected quarterly results and forecasts.