Stocks traded higher on Monday, resuming the rally that started last week as geopolitical tensions dissipated while investors felt optimistic about U.S.-China trade relations.
The Dow Jones Industrial Average rose 21 points, or 0.1%. The S&P 500 gained 0.3% while the Nasdaq Composite advanced 0.4%.
American Express rose 1.1% to lead the Dow higher. The S&P 500 was lifted by the tech and real estate and materials sectors, which advanced at least 0.6% each.
The major averages posted record highs last week as concerns about an escalation in U.S.-Iran tensions faded, bringing down oil prices. The decline in oil prices eased fears of a swift jump in energy costs in the near term.
Source : CNBC