U.S. stocks opened modestly higher on Tuesday, boosted by hopes that a partial trade deal could roll back existing tariffs, putting equity benchmarks on track to set new all-time highs.
The S&P 500 was up 2 points, or 0.1%, to 3,081. The Dow Jones Industrial Average advanced 40 points, or 0.1% to 27,502. The Nasdaq Composite rose 8 points, or 0.1%, to 8,441.
All three stock-market benchmarks set closing records on Monday, the last time that occurred was on July 15. News reports said Chinese officials were pushing for the removal of U.S. import duties that have been imposed since September as well as eliminating tariffs that are set to be imposed on Dec. 15 on China's imports.
In company news, shares in Uber Technologies fell after the ride-hailing company reported late Monday that it posted a loss in the third-quarter.
Source : Market Watch