Dow closes above 50,000 as investors eye Trump-Xi summit - ABC News - Breaking News, Latest News and Videos

Investors are watching the Trump-Xi summit as the Dow Jones closed above 50,000. Amidst rising gasoline prices due to the war with Iran, China's status as Iran's main oil consumer is providing reassurance to investors. Economic indicators remain robust, and investors are confident due to Trump's willingness to de-escalate if it threatens a severe market reaction.