Stock Market News

Trade hopes lift S&P to record as tech leads.

The DowJones Industrial Average rose 117.47 points, or 0.44%, to 26,717.43, the S&P 500 gained 22.57 points, or 0.77%, to 2,964.33 and the Nasdaq Composite added 84.92 points, or 1.06%, to 8,091.16.

US stocks climbed on Monday, but finished off earlier highs, led by gains in technology stocks on optimism for progress in U.S.-China trade talks and signs of a likely reprieve for Chinese telecom company Huawei.

Despite losing some of its initial steam, the S&P 500 still managed to close at a record high after the United States and China agreed on Saturday to resume trade talks. In addition, President Donald Trump also offered concessions including no new tariffs and an easing of restrictions on Huawei Technologies Co Ltd, while China agreed to make unspecified new purchases of U.S. farm products.

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