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U.S.-China trade optimism lifts Wall Street to record high


Monday, 4 November 2019 23:38 WIB

Indeks NasdaqIndeks S&P 500Indeks Dow JonesSahamAS


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Technology stocks pushed Wall Street's three main indexes to record highs on Monday, as hopes of a U.S.-China trade deal and an improving domestic economy boosted risk appetite.

Washington and Beijing said on Friday they had made progress in defusing an economically damaging trade war, with U.S. officials indicating that a deal could be signed this month.

At 10:11 a.m. ET the Dow Jones Industrial Average was up 131.44 points, or 0.48%, at 27,478.80, the S&P 500 was up 13.58 points, or 0.44%, at 3,080.49 and the Nasdaq Composite was up 44.55 points, or 0.53%, at 8,430.95.

The biggest drag on the blue-chip Dow Jones index was a 2.6% drop in shares of McDonald's Corp (MCD.N) after the fast-food giant dismissed Chief Executive Steve Easterbrook over a recent consensual relationship with an employee, which the board determined violated company policy.

Source : Reuters


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