Each of Wall Street’s three major averages kicked off the trading week with record closes on Monday as signs pointed to progress between the United States and China on a trade truce, while a round of merger deals also helped buoy sentiment.
A Chinese state-backed tabloid said Beijing and Washington were “moving closer to agreeing” to an initial pact, which lifted trade-sensitive semiconductor stocks, including Applied Materials Inc (AMAT.O), up 4.18%, and Lam Research Corp (LRCX.O), which gained 2.68%. The Philadelphia Semiconductor index .SOX jumped 2.43% and was on pace for its best day in just over three weeks.
Read more ....
Update #1: US stocks jump to records as tech, small companies lead way (AP)
Update #2: S&P 500 and Nasdaq climb to record highs on hopes for trade deal, ASX to rise (ABC News Online)
WNU Editor: This should be the headline story of the day. But it is not.
0 Response to "Wall Street Three Major Averages Closed At Record Highs Today"
Post a Comment