U.S. stock benchmarks rose at the opening bell on Monday, adding to last week's gain, following reports that the U.S. and China were close to striking a trade deal.
The S&P 500 rose 0.4% to 2,815. The Dow Jones Industrial Average advanced 121 points, or 0.5%, to around 26,147. The Nasdaq Composite was up 0.6% to 7,640.
Washington and Beijing were putting the final touches to a trade agreement which could be signed as early as this month, according to a report by The Wall Street Journal, spurring a rally in risk assets across the world and lifting global equities. In individual stocks, shares of Kraft Heinz Co. were up 2% after Morgan Stanley upgraded the stock to equal weight from underweight.
Source : Marketwatch