04:54 PM EDT, 10/23/2025 (MT Newswires) -- US equity indexes rose on Thursday following a boost from quarterly earnings and the announcement of a date for the meeting between President Donald Trump and his Chinese counterpart, Xi Jinping, to resolve tariff disputes.

The Nasdaq Composite climbed 0.9% to 22,941.798, with the S&P 500 up 0.6% to 6,738.44 and the Dow Jones Industrial Average 0.3% higher at 46,734.61. Energy and industrials were among the top gainers, while consumer staples led the decliners.

Honeywell International ( HON ) raised its full-year earnings outlook on Thursday, while the industrial conglomerate recorded an unexpected year-over-year increase in its Q3 bottom line. Shares jumped 6.8%, among the top gainers on the S&P 500, the Nasdaq, and the Dow.

Las Vegas Sands ( LVS ) reported a stronger-than-expected jump in Q3 adjusted earnings and revenue. Its shares soared more than 12%, among the leaders on the S&P 500.

Lam Research ( LRCX ) reported higher fiscal Q1 results that beat expectations, and the company's "optimistic tone" indicates positive momentum for the Wafer Fab Equipment space, Deutsche Bank said in a note Thursday. Shares advanced 4.5%, among the biggest gainers on the Nasdaq.

The benchmark indexes also got a lift from a turnaround in Tesla's (TSLA) shares, which ended the day 2.3% higher after trading lower earlier in the session. The electric vehicle manufacturer's Q3 earnings fell more than expected, but record deliveries helped propel revenue above the Street's estimates.

Trump is expected to meet with the Chinese president on Oct. 30, during the Asia-Pacific Economic Cooperation summit in South Korea, multiple media outlets reported. The meeting will likely focus on tariffs, export controls on rare earth minerals, soybean trade, and broader issues between the world's two largest economies, according to Trump's recent social media posts.

Meanwhile, the Trump Administration late Wednesday imposed new sanctions on Russia's two largest oil producers, Rosneft and Lukoil, blocking any dealings with the two companies. The European Union also imposed new sanctions, barring imports of Russian liquefied natural gas. India made fresh promises to end the purchase of Russian oil.

West Texas Intermediate crude oil futures surged 5.5% to $61.71 a barrel.

"Oil prices have rallied in response as the market had become imbued with the idea of any action against Russia has thus far been a deployment of words rather than meaningful restrictions," PVM Oil Associates said in a note.

Most US Treasury yields rose, with the 10-year yield up 5.4 basis points to 4%. The two-year yield advanced 5.1 basis points to 3.5%.

Gold futures jumped 1.7% to $4,133.72, and silver futures climbed 1.9% to $48.59 as geopolitical risk mounted.