Reuters: Wall Street sets records anew on trade deal boost
NEW YORK (Reuters) - Wall Street stocks notched record closing highs on Monday as cooling trade tensions between Washington and Beijing and upbeat economic data from China boosted investor sentiment.
The Dow surpassed its November closing high, while the S&P 500 and Nasdaq marked record closes for the third straight session.
Friday’s announcement of an interim trade deal between the world’s two biggest economies has lifted prospects for the global economy, several analysts said. Although growth in China is expected to continue moderating, the trade developments brightened the country’s economic outlook.
Adding to the optimism, data released early on Monday showed China’s industrial output and retail sales growth accelerated in November.
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Update: Dow gains 10,000th point since Trump's election (FOX News)
WNU Editor: With impeachment only two days away, the stock market is not paying any attention.
